To apply for Philippine retirement immigrants, in addition to US dollars, does the retirement department allow other currencies as required foreign currency deposits?

To apply for Philippine retirement immigrants, in addition to US dollars, does the retirement department allow other currencies as required foreign currency deposits?

A: Apply for the Philippine Retired Immigrant SRRV, the Retirement Department PRA allows currencies other than US dollars as required deposits. In the agreement document between PRA and the verification bank, the holder can remit or deposit the following currencies: a. pound B. Australian dollar c. Canadian dollar d. Hong Kong dollar e. Japanese yen f. Singapore dollar g. Swiss franc h. US dollar I. euro j. Korean won k. RMB. as long as the foreign currency remittance certificate is copied to PRA, the holder can choose to open the remittance as US dollar or Philippine currency account. In addition, if permitted, the bank and the holder may convert funds remitted or deposited into US dollars or Philippine pesos to open accounts and maintain accounts. The currency remitted can be maintained if the standard prescribed savings amount conditions.