Bangko Sentral
Bangko Sentral ng Pilipinas
From Wikipedia, the free encyclopedia
Bangko Sentral ng Pilipinas
The BSP complex in Manila
Headquarters
Manila, Philippines
Coordinates
14°33′39″N 120°59′18″ECoordinates: 14°33′39″N 120°59′18″E
Established
July 3, 1993
Governor
Amando M. Tetangco, Jr.
Central bank of
Philippines
Currency
Philippine peso
PHP (ISO 4217)
Reserves
US$83 billion[1]
Bank rate
4.00%
Preceded by
Central Bank of the Philippines
(January 3, 1949—July 3, 1993)
Website
www.bsp.gov.ph
The Bangko Sentral ng Pilipinas (English: Central Bank of the Philippines; Castilian Spanish: Banco Central de Filipinas; abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993.[2]
Contents
[hide]
1 History
2 Roles and responsibilities
3 Organization of the Bangko Sentral
4 Convertible currencies
5 Microfinance and financial inclusion
6 Anti-money laundering
7 Governors
8 Security Plant Complex
8.1 SPC products
9 References
10 Publications
11 External links
History[edit]
In 1900, the First Philippine Commission passed Act No. 52,[3] which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, theDepartment of Finance, through the Bureau of Banking, took over bank supervision.
By 1933, a group of Filipinos had conceptualized a central bank for the Philippines.[4] It came up with the rudiments of a bill for the establishment of a central bank after a careful study of the economic provisions of the Hare–Hawes–Cutting Act, which would grant Philippine independence after 12 years, but reserving military and naval bases for the United States and imposing tariffs and quotas on Philippine exports. However, the Hare–Hawes–Cutting Act would be rejected by the Senate of the Philippines at the urging of Manuel L. Quezon. This Senate then
From Wikipedia, the free encyclopedia
Bangko Sentral ng Pilipinas
The BSP complex in Manila
Headquarters
Manila, Philippines
Coordinates
14°33′39″N 120°59′18″ECoordinates: 14°33′39″N 120°59′18″E
Established
July 3, 1993
Governor
Amando M. Tetangco, Jr.
Central bank of
Philippines
Currency
Philippine peso
PHP (ISO 4217)
Reserves
US$83 billion[1]
Bank rate
4.00%
Preceded by
Central Bank of the Philippines
(January 3, 1949—July 3, 1993)
Website
www.bsp.gov.ph
The Bangko Sentral ng Pilipinas (English: Central Bank of the Philippines; Castilian Spanish: Banco Central de Filipinas; abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993.[2]
Contents
[hide]
1 History
2 Roles and responsibilities
3 Organization of the Bangko Sentral
4 Convertible currencies
5 Microfinance and financial inclusion
6 Anti-money laundering
7 Governors
8 Security Plant Complex
8.1 SPC products
9 References
10 Publications
11 External links
History[edit]
In 1900, the First Philippine Commission passed Act No. 52,[3] which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, theDepartment of Finance, through the Bureau of Banking, took over bank supervision.
By 1933, a group of Filipinos had conceptualized a central bank for the Philippines.[4] It came up with the rudiments of a bill for the establishment of a central bank after a careful study of the economic provisions of the Hare–Hawes–Cutting Act, which would grant Philippine independence after 12 years, but reserving military and naval bases for the United States and imposing tariffs and quotas on Philippine exports. However, the Hare–Hawes–Cutting Act would be rejected by the Senate of the Philippines at the urging of Manuel L. Quezon. This Senate then