The Monetary Board has approved significant amendments to foreign exchange (FX) regulations, a strategic move by the Bangko Sentral ng Pilipinas (BSP) aimed at enhancing the accuracy and relevance of FX transaction data. In a media advisory, the BSP announced that this new initiative is expected to promote price stability and ensure robust financial oversight […]
If you are a PESONet or InstaPay user, and you are worried about its availability during the Holy Week celebration, then fret no more because the Bangko Sentral ng Pilipinas (BSP) has got you covered. In an advisory posted on its website earlier today, the BSP has once again reminded BSP-Supervised Financial Institutions (BSFIs) offering […]
The Bangko Sentral ng Pilipinas (BSP) has recently issued a memorandum directing banks and other BSP-supervised financial institutions (BSFIs) to place the Philippine identification card (PhilID) at the top of the list of acceptable valid IDs, being the official government-issued ID. IMAGE CREDIT: https://www.gmanetwork.com/ The BSP said all BSFIs must adopt enhanced measures to ensure […]
