Basfin BSP
Basfin BSP
Basfin BSP
http://www.bsp.gov.ph/about/overview.asp
The central bank of the Republic of the
Philippines
Established on July 3, 1993
The BSP took over the Central Bank of
the Philippines, which was established
on January 3, 1949 (central monetary
authority)
It enjoys fiscal and administrative
autonomy from the National
Government
1) The Philippine Eagle,
our national bird, is the
world’s largest eagle
and is a symbol of
strength, clear vision
and freedom, the
qualities we aspire for
as a central bank
1) The three stars represent the pillars of
central banking: price stability, stable
banking system, and a safe and reliable
payments system. It may also be
interpreted as a geographical
representation of BSP’s equal concern
for the impact of its policies and
programs on all Filipinos, whether they in
Luzon, Visayas or Mindanao
1) The blue background signifies stability
2) The stars are rendered in gold to
symbolize wisdom, wealth, idealism &
high quality
3) The white color of the eagle and the
text for BSP represents purity, neutrality
and mental clarity
Non-serif, bold for “BANGKO SENTRAL
NG PILIPINAS” to suggest solidity,
strength and stability. The use of non-
serif fonts characterized by clean lines
portrays the no-nonsense professional
manner of doing business at the BSP.
Round shape to symbolize the
continuing and unending quest to
become an excellent monetary authority
committed to improve the quality of life
of Filipinos.
This round shape is also evocative of
our coins, the basic units of our
currency.
The BSP Main Complex
Located in Manila and houses the
offices of the Governor, the Monetary
Board & the different operating
departments/ offices.
Liquidity Management
• The BSP formulates and implements monetary policy aimed
at influencing money supply consistent with its primary
objective to maintain price stability.
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.
Under the New Central Bank Act, the BSP performs the
following functions, all of which relate to its status as the
Republic’s central monetary authority:
Financial Supervision
• The BSP supervises banks and exercises regulatory
powers over non-bank institutions performing quasi-
banking functions
Felipe M. Medalla
The BSP
Juan De Zuniga, Jr.
Monetary Board
Peter B. Favila
V. Bruce J. Tolentino
Monetary & Economics Sector
• Is mainly responsible for the operations/ activities related to
monetary policy formulation, implementation and assessment