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 […]
The Bangko Sentral ng Pilipinas (BSP) recently named nine outstanding institutional partners of its Visayas Regional Office (VRO) and Branches during the recently-concluded “2023 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC)” held in Dumaguete City. Monetary Board Member Romeo L. Bernardo, who led the ceremony, conveyed the BSP’s gratitude to its partners for their support in fulfilling the […]
In its 30th year, the Bangko Sentral ng Pilipinas (BSP) has reaffirmed its commitment to adopt global central banking standards and transition to a digital financial system while promoting price stability, financial stability, and an efficient payments and settlements system in the country. Over the years, subsequent amendments to Republic Act (RA) No. 7653 or the […]
