INQUIRER.net: SC stops ‘money ban’

INQUIRER.net Philippine News for Filipinos

SC stops 'money ban' May 10th 2013, 01:43 MANILA, Philippines—The Supreme Court on Friday stopped the Commission on Elections (Comelec) from implementing its "money ban"ahead of the midterm elections on Monday, May 13. On Tuesday, the Comelec issued a resolution implementing a "money ban" that started Wednesday until Election Day on May 13. The money ban, under Comelec Resolution 9688, disallows cash withdrawals exceeding P100,000 per day. The Comelec said its aim was to stop vote buying. The high court, through Chief Justice Maria Lourdes Sereno issued the status quo ante order against the implementation of the money ban following a petition filed by the Bankers Association of the Philippines who also urged t... Keep on reading: SC stops ‘money ban’ Media files: supreme-court-logo.jpg (image/jpeg)

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