Central Banking
The BSP's primary mandate; refers to low and stable inflation; preserves purchasing power
What is Price Stability?
He is Professor Emeritus of the UP Diliman. He was also Chairman of the Board of Trustees of the Pamantasan ng Lungsod ng Maynila. He served as Fiscal Adviser to the Philippine Senate.
Who is Benjamin E. Diokno?
Demonetized Banknote Series -
When Martial Law was lifted in 1981, the CB started to print and mint an entirely new series of Philippine currency notes and coins which are contemporary and forward looking, adopting the latest trend of anti-counterfeiting features. On June 12, 1985, the BSP issued the series starting with the 5-piso banknote with the face of Emilio Aguinaldo on the obverse side.
What is New Design Series?
Sustained increase in the average prices of goods and services typically purchased by consumers.
What is Inflation?
It was also during his term that the BSP shifted its monetary policy framework from managing monetary aggregates to one of inflation targeting.
Who is Rafael Carlos B. Buenaventura?
In 2009, the BSP announced that it launched a massive redesign for current banknotes and coins to further enhance security features and improve durability.
What are New Generation Currency Series?
Includes the country's entire matrix of institutional and infrastructure arrangements and process through which money is transferred from one party to another
What is the National Payments and Settlements System?
One of his lasting legacies is the preservation and promotion of the country's cultural heritage through book publications and the central bank art collection, which includes paintings by Filipino masters, centuries-old pottery, and the legendary pre-Hispanic Gold Collection.
Who is Jaime C. Laya?
Demonetized Coin Series
In 1967, the coinage was altered to reflect the use of Filipino names for the currency units. The "Pilipino" coins bore portraits/profiles of Filipino heroes with legends inscribed in Pilipino, the national language.
What is Pilipino Series?
It is important to ensure that the BSP's monetary policy will be effectively transmitted to the financial system.
What is Financial Stability?
During his term, the CBP moved to its new headquarters in Manila and the printing of the country's currency and refining of gold stared at the Security Plant Complex in Quezon City. The Philippine Convention Center (PICC) was built in time for the hosting of the 1976 IMF-World Bank Annual Meeting.
Who is Gregorio S. Licaros?
Demonetized Banknote Series
It was introduced by the Central Bank of the Philippines in line with the Presidential Decree No. 168 dated April 2, 1973. It literally means New Society.
What is Ang Bagong Lipunan Series?
The BSP's monetary policy framework.
What is Inflation Targeting?
Former Finance Secretary, he served as the first Governor of the Central Bank of the Philippines. He held the post for 12 years.
Who is Miguel S. Cuaderno?
Demonetized Coin Series
It was introduced in 1983 which included 2-piso coins. The coins featured portraits of renowned Filipino patriots nd heroes on the obverse and rare species of fauna, flora and marine life indigenous to the Philippines were represented on the reverse.
What is Flora and Fauna Series?