Bangko Sentral ng Pilipinas BSP

The Bangko Sentral ng Pilipinas (BSP), or the Central Bank of the Philippines, is the country’s central monetary authority. Established on January 3, 1949, and re-established on July 3, 1993, pursuant to the New Central Bank Act of 1993, the BSP is responsible for maintaining price stability conducive to a balanced and sustainable economic growth.

Philippine Banknote 2025

Philippine Banknote 2025

Here are some key functions of the BSP:

  • Monetary Policy: Managing the country’s monetary policy to ensure price stability.
  • Currency Issuance: Issuing and regulating the Philippine peso.
  • Financial Stability: Overseeing the stability of the financial system and promoting a sound and stable banking environment.
  • Payment Systems: Ensuring the efficiency and reliability of payment systems.
  • Consumer Protection: Promoting financial education and protecting consumer rights.

Would you like to know more about any specific aspect of the BSP?

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