MINTED FROM MID-1970S TO 1990S The Bangko Sentral ng Pilipinas (BSP) announced on Friday the start of the demonetization process of several commemorative coin sets that were minted from the mid-1970s to the 1990s and urged to…
A THIRD of Filipinos now hold bank accounts — allowing them to save money or make and receive payments, wages or financial assistance — thanks to a growing demand among consumers for digital payment services, the central…
CASH sent home by Filipinos living and working abroad grew 8.4 percent in October, the fastest pace in seven months, to $2.28 billion ahead of the Christmas holiday season. The latest Bangko Sentral ng Pilipinas data released…
THE Bangko Sentral ng Pilipinas (BSP)-Cebu Regional Office has launched an intensive campaign to inform the public of the extended deadline for exchanging New Design Series (NDS) banknotes, which lost their value in July this year. Lawyer…
FILIPINO entrepreneurs’ lack of access to affordable credit is stunting the growth of many micro, small and medium firms and crimping job growth, as a result — a situation that the country’s top banking regulator is worried…
AMID a volatile peso-dollar exchange rate — conventionally countered by siphoning off liquidity from the markets — Bangko Sentral ng Pilipinas on Wednesday said it wants to inject more liquidity into the financial system to satisfy the…
INCREASING available financial resources and stable inflation were seen to support sustained economic expansion in the Visayas for 2017, an official of the Bangko Sentral ng Pilipinas (BSP) said. Rosabel Guerrero, director of the BSP’s department of…
DESPITE several requests from several old peso note holders who failed to exchange these bills, the Bangko Sentral ng Pilipinas reiterated its stand to no longer exchange these old bills for new ones after the deadline last…
Manila — The inclusion of casinos in the coverage of the anti-money laundering law will help strengthen the fight against illicit cash inflows, according to Bangko Sentral ng Pilipinas Governor Nestor A. Espenilla Jr. The central bank…
“WE can expect the new governor to take the BSP (Bangko Sentral ng Pilipinas) to new heights especially in this day and age of digitalization.” Eugene Rigodon, Cebu Bankers Club (CBC) outgoing president, said this as Nestor…
Exchanging of old banknotes Old peso bills belonging to the New Design Series (NDS) will lose their value in July as the Bangko Sentral ng Pilipinas decided to no longer replace them beyond the June 30 deadline.…
Espenilla won’t rush sanctions vs BPI Manila — One week after a supposed glitch affected the accounts of clients of the Bank of the Philippine Islands, the Bangko Sentral ng Pilipinas said Wednesday that its investigation on…
