LATEST PUBLICATIONS
PN 2019-14
Issues and concerns in the implementation of PBB at DepEd
DP 2019-38
Towards a More Inclusive Agricultural Insurance Program
DP 2019-37
Expanding Health Insurance for the Elderly of the Philippines
PN 2019-13
Challenges in the implementation of the PBB scheme in NGAs
Member-Institutions on Spotlight
                     
                  

Bangko Sentral ng Pilipinas (BSP)

The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines. It was established on July 3, 1993 pursuant to the provisions of the 1987 Philippine Constitution and the New Central Bank Act of 1993. It has since then functioned as the country’s central monetary authority that enjoys fiscal and administrative autonomy from the national government.

Under the New Central Bank Act, the BSP performs functions such as liquidity management, currency issue, lender of last resort, financial supervision, management of foreign currency reserves, and determination of exchange rate policy. It also acts as the banker, financial advisor, and official depository of the government, its political subdivisions and instrumentalities, and government-owned and -controlled corporations.

Currently, the BSP provides policy directions in the areas of money, banking, and credit. It supervises operations of banks and exercises regulatory powers over nonbank financial institutions with quasi-banking functions.

Know more about BSP here. Click here to access BSP materials in the SERP-P database.