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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Bangko Sentral ng Pilipinas has delivered 150 basis-points of interest-rate increases since May, among the most aggressive in Asia.
'The Bangko Sentral ng Pilipinas will not issue any comment as the matter is pending before court and to do so would violate sub judice rule,' it added.
Melchor Plabasan, officer-in-charge of the Technology Risk and Innovation Supervision Department at the Bangko Sentral ng Pilipinas (BSP), told The STAR the rise could be attributed to the increasing trend for both local QR and locally-acquired Chinese QR customers' transactions.
'Hiling ko po sa Bangko Sentral ng Pilipinas na pag-aralang mabuti ang usaping ito at nawa'y isaalang-alang nila ang kapakanan ng ating mga mamamayan na pinakaapektado ng dagdag bayarin na ito,' he added.
Remittances by Overseas Filipinos (OF) coursed through banking networks increased by 3.2 percent to $14.6 billion in the first six months of 2019, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E.
Despite the appointment of Budget Secretary Benjamin Diokno as the new Bangko Sentral ng Pilipinas (BSP) governor, he will still be summoned to the House of Representatives investigating his alleged involvement in numerous budget irregularities, Minority Leader Danilo Suarez said yesterday.
"We are thankful to Bangko Sentral ng Pilipinas for issuing this licence.
"The MOU sets out in greater detail the two authorities' commitment to fostering greater information exchange and cooperation in the areas of licensing, on-site examinations, supervisory colleges, and crisis management," the Bangko Sentral ng Pilipinas (BSP) and the Bank of Thailand said in a joint statement.
Bangko Sentral ng Pilipinas (BSP), the Philippines central bank, has said that it has approved the creation of 'branch-lite' units nationwide in order to encourage financial inclusion.
The Bangko Sentral ng Pilipinas (BSP) has announced the release of the new P5 coin featuring Philippine hero Andres Bonifacio on Friday, December 1.
The central bank, Bangko Sentral ng Pilipinas, had kept its rate at four per cent for the 14th straight meeting on February 10, and the next meetings of the bank are scheduled on March 24 and May 5.
DE LA RUE Plc., the world s biggest currency printer and an outsourcing partner of the Bangko Sentral ng Pilipinas (BSP), has suspended operations of its main plant in the United Kingdom after failing to meet certain quality specifications, and its stock dropped 19 percent following the company s announcement, according to reports from Financial Times, Daily Telegraph and the BBC.