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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The Bangko Sentral ng Pilipinas has raised its average inflation forecasts for 2010, 2011 and 2012.
The suspects were charged with violation of the Bangko Sentral ng Pilipinas BSP Circular No.
Outflows stemmed mainly from the foreign exchange operations of the Bangko Sentral ng Pilipinas (BSP) and payments made by the National Government (NG) for its maturing foreign exchange obligations during the month in review.
Bangko Sentral ng Pilipinas (BSP) has said that approvals for clearing institutions would be secured before the year ends.
According to Bangko Sentral ng Pilipinas Governor Amando Tetangco draft legislation is being worked on to allow for the expansion of Islamic finance in the country but he admits that, "There is currently no regulatory framework for Islamic banking.
Singson, Governor of the Bangko Sentral ng Pilipinas and from Mr de Ocampo, who said that the guide "will surely serve as an invaluable aid to prospective investors who are looking out for opportunities that will give them value for their money.
The Bangko Sentral ng Pilipinas said on Thursday it was reducing banks' reserve requirement ratio by 1 percentage point, saying it will support its shift towards a more market-based implementation of its policy.
Banks yesterday snapped up the P40 billion in seven-day term deposit facility (TDF) offered by the Bangko Sentral ng Pilipinas during its last auction for the year.
The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Bangko Sentral ng Pilipinas, signed the Restatement Agreement of the third Bilateral Swap Arrangement (restated BSA) to take effect today.
The Monetary Board of the Bangko Sentral ng Pilipinas decided to maintain the overnight reverse repurchase rate at 3 percent, and the overnight lending rate at 3.
The meltdown across financial markets is likely to prompt Bangko Sentral ng Pilipinas to put on hold any prior plans for tightening this week
Manila: The Bangko Sentral ng Pilipinas released New Generation Currency (NGC) banknotes with enhanced design.

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