The BSP was looking to set up a credit facility to boost green loans. BSP — The Bangko Sentral ng Pilipinas was looking to set up a credit facility in order to boost green loans. The BSP was looking to set up a separate credit facility that will urge lenders to provide sustainable financing. In … Read more
BSP and COMELEC signed an escrow deal for the safekeeping of the 2022 election source codes. BSP and COMELEC — On Monday, officials of the Bangko Sentral ng Pilipinas and the Commission on Elections signed an agreement for the safekeeping of the automatic election system (AES) source codes which will be used for the 2022 … Read more
BSP will not demonetize 20-piso banknotes, according to Diokno. BANGKO SENTRAL NG PILIPINAS — BSP Governor Benjamin E. Diokno said that the central bank will not demonetize the 20-piso banknotes and it will continue to co-exist with the 20-piso coin version. According to the BSP chief, there’s no demonetization of 20-piso banknotes and the central … Read more
The BSP was planning to circulate more polymer banknotes in different denominations. BSP — The Bangko Sentral ng Pilipinas was planning to circulate more polymer banknotes in different denominations if the public will adapt well to the first batch of polymer 1,000-piso banknotes. BSP Governor Benjamin E. Diokno said that the shift to polymer banknotes … Read more
The BSP wanted stiffer sanctions and penalties against coin hoarders and counterfeiters. BSP — The Bangko Sentral ng Pilipinas was proposing a more rigid package of sanctions and penalties against currency counterfeiting and to criminalize the stockpiling of large amounts of coins. According to BSP Governor Benjamin E. Diokno, they’re currently conducting preparatory work, which … Read more
Senator Grace Poe: “The burden of distinguishing counterfeit bills emanating from banks from genuine ones should not be placed on depositors.” GRACE POE — The senator said that depositors shouldn’t shoulder the responsibility of recognizing fake bills from ATMs (automated teller machines). This, after the Bangko Sentral ng Pilipinas (BSP) urged the public to regularly … Read more
PayMaya and Novi were included in BSP’s list of Virtual Asset Service Providers. BANGKO SENTRAL NG PILIPINAS — PayMaya and Facebook‘s Novi were included in the BSP’s list of Virtual Asset Service Providers (VASPs). Virtual Asset Service Providers (VASPs) referred to any entity that offered services or engaged in activities that provided a facility for … Read more
BSP urged the public to carefully inspect banknotes dispensed by ATMs. BSP — The Bangko Sentral ng Pilipinas on Tuesday urged the public to carefully inspect banknotes dispensed by ATMs (automated teller machines). BSP reminded Filipinos to regularly inspect banknotes they received for authenticity through the “feel, look, tilt” approach as a precautionary measure against … Read more
Paper cheques will not go away, according to BSP. BSP — The Bangko Sentral ng Pilipinas said that it didn’t expect written or paper-based cheques to totally disappear in the Philippines “at least not within the next three years”. During the launch of the PESONet Multiple Batch Settlement (MBS) last January 24, BSP Governor Benjamin … Read more
The BSP has approved the rules on the batch settlement of e-payments. BSP — The Bangko Sentral ng Pilipinas has approved the rules and guidelines on the batch settlement of e-payments (electronic payments). The central bank has also approved the new provisions for Clearing Switch Operators (CSOs) of the automated clearing houses (ACH), PESONet and … Read more