Bangko Sentral ng Pilipinas

The Bangko Sentral ng Pilipinas (lit. 'Central Bank of the Philippines'; commonly 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 as amended by Republic Act 11211 or the New Central Bank Act of 2019. The principal author was Senator Franklin Drilon. It was signed by President Rodrigo Duterte.

This article is about the Philippine central bank. For the Philippine scouting organization also abbreviated "BSP", see Boy Scouts of the Philippines.

Bangko Sentral ng Pilipinas
BSP Logo
HeadquartersBSP Complex, Roxas Boulevard, Manila, Philippines
Coordinates14°33′39″N 120°59′18″E
EstablishedJuly 3, 1993 (July 3, 1993) (reestablished as per the New Central Bank Act)
January 3, 1949 (January 3, 1949) (as the Central Bank of the Philippines)
OwnershipIndependent to government/Sui generis
GovernorEli M. Remolona, Jr.
Central bank ofPhilippines
CurrencyPhilippine peso
PHP (ISO 4217)
ReservesUS$107.71 billion
Bank rate3.50%
Preceded byCentral Bank of the Philippines (1949–1993)
Philippine National Bank (1916–1949)
Websitewww.bsp.gov.ph
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.