New Central Bank Act - updates

Rappler's latest stories on New Central Bank Act


New law gives Bangko Sentral more powers

Feb 18, 2019 - 12:55 PM

The Bangko Sentral ng Pilipinas now has supervisory powers over money service businesses, credit granting businesses, and payment system operators

VERY STRONG. The central bank hikes interest rates again amid stubbornly high inflation. Rappler file photo

Favila, Abacan get seats in Bangko Sentral's Monetary Board

Jun 29, 2017 - 6:30 PM

Meanwhile former socioeconomic planning secretary Felipe Medalla retains his position as member of the board

COMPLETE. Medalla (left) retained, Favila (middle) and Abacan (right) named new members of the Monetary Board. Favila and Abacan photos from GT Capital

FAST FACTS: What does the Bangko Sentral ng Pilipinas do?

May 09, 2017 - 1:05 PM

(UPDATED) Budget Secretary Benjamin Diokno is named BSP governor. Rappler takes a look at the role of the BSP as he steps in, along with some of the issues he may face ahead.

NEW CAPTAIN. The BSP welcomes a new governor - Nestor Espenilla Jr.

BSP gives public more time to exchange old peso bills

Mar 23, 2017 - 6:20 PM

Filipinos now have until June 30 2017 to exchange their New Design Series NDS banknotes After June 30 these bills will have no monetary value

NEW DEADLINE. Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo shows old and new banknotes in a press conference. Photo by Joel Leporada/Rappler

Exchange 'old' bills until December 2016 – BSP

Dec 21, 2015 - 4:37 PM

But starting January next year only New Generation Currency bills will be in circulation the Bangko Sentral ng Pilipinas says

REMINDERS. Bangko Central ng Pilipinas Deputy Governor Diwa Guinigundo urges the public to start exchanging their old banknotes in any authorized agent bank even if they are not depositors. By January 1, 2016, the New Denomination Series can no longer be used for daily transactions. File photo by Joel Leporada/Rappler

Senate passes bill protecting bank clients from closures

Dec 14, 2015 - 7:18 PM

Under the measure the Philippine Deposit Insurance Corporation would reinforce weak banks even before closure orders

Proposed PH coins to be more counterfeit-resistant – BSP

Oct 29, 2015 - 9:19 PM

The central bank also says that some coins will have to go because they already outlived their usefulness as far as the public is concerned

RATIONALIZATION. BSP Deputy Diwa Guinigundo says "there will be rationalization in terms of number. Some denominations will have to go because they have outlived their usefulness as far as the general public is concerned.” Images of coins from the Bangko Sentral ng Pilipinas

BSP starts shift to ‘New Generation Currency’ bills Jan 1

Dec 29, 2014 - 9:00 PM

The ‘New Design Series’ or the nearly 3 decade old banknotes will no longer have any monetary value effective January 1 2017