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' 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 January 3, 1949, and then re-established on July 3, 1993 pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 [ 2 ] as amended by Republic Act 11211 or the New ...
The BSP Charter The New Central Bank Act (RA11211) Inaugural holder: Miguel Cuaderno Sr. (as Governor of the Central Bank) Gabriel Singson (as Governor of the Bangko Sentral) Formation: January 3, 1949 (Central Bank) July 3, 1993 (Bangko Sentral) Website: bsp.gov.ph
In December 2022, BSP announced the new banknotes bearing the signatures of President Bongbong Marcos and BSP Governor Felipe Medalla. The 2020 BSP logo is now also used on 20, 50, 100, 500, and 1,000-piso (non-polymer version) bills which replaced the 2010 BSP logo that has been in use since the series' release to the public on December 16, 2010.
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QR Ph (officially the National QR Code Standard) is the standardized quick-response code system adopted in the Philippines, which is based on the Europay-Mastercard-VISA (EMV) standard. It serves as a swift and secure payment method for customers of both participating banks and non-bank electronic money issuers (EMI) in the country.
Digital banks in the Philippines are a new formal category of banks which were only approved by the Bangko Sentral ng Pilipinas (BSP), the country's central bank, in 2020. [1] The first such banks launched in the Philippines were Tonik, Overseas Filipino Bank, and UnionDigital of UnionBank of the Philippines. Several more banks were approved by ...