BSP explained the reason for not including a 20-Peso bill in its “Enhanced” NGC Banknotes The Bangko Sentral ng Pilipinas (BSP) explained its reason why a 20-Peso bill wasn’t included in their “Enhanced” New Generation Currency (NGC) banknotes. Benjamin Diokno, the Governor of the Bangko Sentral ng Pilipinas, said that they’re still making 20-peso banknotes, … Read more
The Monetary Board has authorized the BSP to buy government securities worth PHP 300 billion to soften the impact of COVID-19 in the Philippines. The Monetary Board on Monday has authorized the Bangko Sentral ng Pilipinas (BSP) to buy government securities worth PHP 300 billion from the Bureau of the Treasury. This fund was part … Read more
BSP Governor will undergo testing for coronavirus disease or COVID-19. Bangko Sentral ng Pilipinas — BSP Governor Benjamin Diokno on Friday said that he would undergo testing for coronavirus disease or COVID-19. This, as BSP Governor Benjamin Diokno said in a text message that he would decide by Monday, March 16, if he could attend … Read more
ING Bank analyst on Friday said that a 2019 novel coronavirus posed a drag on the global economy, giving central banks — including the Philippines — room to cut interest rates. This, as the world commodity prices will remain “depressed” because of weak demand from China, according to ING Bank analyst Nicholas Antonio Mapa. He … Read more