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Central Bank of the Philippines

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Central Bank of the Philippines
The supreme monetary authority of the Philippines. It issues the Philippine peso, maintains foreign currency reserves and is charged with maintaining monetary stability. It is also the lender of last resort for Philippine banks. It was established in 1949 and re-chartered in 1993.


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According to the Central Bank of the Philippines OFWs remittances from the Middle East amounted to upwards of $2.
The central bank of the Philippines -- fourth-largest recipient of overseas remittances in the developing world after India, China and Mexico -- said such payments reached a record 1.
Central Bank of the Philippines governor Tetangco said earlier Tuesday that a number of Filipino banks have a limited exposure to Lehman Brothers.
 
 
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