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    The BSP Vision and Mission

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    camille jane
    The Bangko Sentral ng Pilipinas (BSP) aims to be a world-class monetary authority and catalyst for a globally competitive economy that delivers a high quality of life for Filipinos. Its mission is to promote and maintain price stability through sound monetary policy and effective financial institution supervision to support sustainable economic growth. The BSP's primary objectives are maintaining price stability for balanced economic growth and promoting monetary and currency stability. It provides policy direction for money, banking, and credit, supervises banks, and regulates non-bank financial institutions.

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    The BSP Vision and Mission

    Uploaded by

    camille jane
    74 views11 pages
    The Bangko Sentral ng Pilipinas (BSP) aims to be a world-class monetary authority and catalyst for a globally competitive economy that delivers a high quality of life for Filipinos. Its mission is to promote and maintain price stability through sound monetary policy and effective financial institution supervision to support sustainable economic growth. The BSP's primary objectives are maintaining price stability for balanced economic growth and promoting monetary and currency stability. It provides policy direction for money, banking, and credit, supervises banks, and regulates non-bank financial institutions.

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    The Bangko Sentral ng Pilipinas (BSP) aims to be a world-class monetary authority and catalyst for a globally competitive economy that delivers a high quality of life for Filipinos. Its mission is to promote and maintain price stability through sound monetary policy and effective financial institution supervision to support sustainable economic growth. The BSP's primary objectives are maintaining price stability for balanced economic growth and promoting monetary and currency stability. It provides policy direction for money, banking, and credit, supervises banks, and regulates non-bank financial institutions.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    74 views11 pages

    The BSP Vision and Mission

    Uploaded by

    camille jane
    The Bangko Sentral ng Pilipinas (BSP) aims to be a world-class monetary authority and catalyst for a globally competitive economy that delivers a high quality of life for Filipinos. Its mission is to promote and maintain price stability through sound monetary policy and effective financial institution supervision to support sustainable economic growth. The BSP's primary objectives are maintaining price stability for balanced economic growth and promoting monetary and currency stability. It provides policy direction for money, banking, and credit, supervises banks, and regulates non-bank financial institutions.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 11

    THE BSP

    VISION AND

    VISION
    The BSP aims to be a world-class
    monetary authority and a catalyst
    for a globally competitive
    economy and financial system that
    delivers a high quality of life for all
    Filipinos.

    MISSION
    BSP is committed to promote and
    maintain price stability and provide
    proactive leadership in bringing about
    a strong financial system conducive
    to a balanced and sustainable growth
    of the economy. Towards this end, it
    shall conduct sound monetary
    policy and effective supervision over
    financial institutions under its
    jurisdiction.

    FUNCTION AND
    OPERATION
    Objectives:
    The BSPs primary objective is
    to maintain price stability
    conducive to a balanced and
    sustainable economic growth. The
    BSP also aims to promote and
    preserve monetary stability and
    the convertibility of the national
    currency.

    FUNCTION AND
    OPERATION
    Objectives:
    The BSPs primary objective is
    to maintain price stability
    conducive to a balanced and
    sustainable economic growth. The
    BSP also aims to promote and
    preserve monetary stability and
    the convertibility of the national
    currency.

    FUNCTION AND
    OPERATION
    Responsibilities:
    The BSP provides policy directions in the
    areas of money, banking and credit. It
    supervises operations of banks and
    exercises regulatory powers over non-bank
    financial institutions with quasi-banking
    functions.
    Under the New Central Bank Act, the BSP
    performs the following functions, all of which
    relate to its status as the Republics central
    monetary authority.

    FUNCTION AND
    OPERATION
    Responsibilities:
    Liquidity Management. The BSP
    formulates and implements monetary policy
    aimed at influencing money supply
    consistent with its primary objective to
    maintain price stability.

    FUNCTION AND
    OPERATION
    Responsibilities:
    Currency issue. The BSP has the exclusive power
    to issue the national currency. All notes and coins
    issued by the BSP are fully guaranteed by the
    Government and are considered legal tender for all
    private and public debts.
    Lender of last resort. The BSP extends discounts,
    loans and advances to banking institutions for
    liquidity purposes.

    FUNCTION AND
    OPERATION
    Responsibilities:
    Financial Supervision. The BSP
    supervises banks and exercises regulatory
    powers over non-bank institutions
    performing quasi-banking functions.
    Management of foreign currency
    reserves. The BSP seeks to maintain
    sufficient international reserves to meet any
    foreseeable net demands for foreign
    currencies in order to preserve the
    international stability and convertibility of the
    Philippine peso.

    FUNCTION AND
    OPERATION
    Responsibilities:
    Determination

    of exchange rate policy.


    The BSP determines the exchange rate
    policy of the Philippines. Currently, the BSP
    adheres to a market-oriented foreign
    exchange rate policy such that the role of
    Bangko Sentral is principally to ensure
    orderly conditions in the market.

    FUNCTION AND
    OPERATION
    Responsibilities:
    Other

    activities. The BSP functions as the


    banker, financial advisor and official
    depository of the Government, its political
    subdivisions and instrumentalities and
    government-owned and -controlled
    corporations.

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