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NG PILIPINAS (BSP)
OVERVIEW OF THE BSP
The Bangko Sentral ng Pilipinas (BSP) is the central bank
of the Republic of the Philippines. It was established on 3
July 1993 pursuant to the provisions of the 1987 Philippine
Constitution and the New Central Bank Act of 1993. The
BSP took over from the Central Bank of Philippines, which
was established on 3 January 1949, as the countrys
central monetary authority. The BSP enjoys fiscal and
administrative autonomy from the National Government
in the pursuit of its mandated responsibilities.
THE BSP SEAL
The new BSP logo is a perfect round shape in blue that
features three gold stars and a stylized Philippine eagle
rendered in white strokes.
These main elements are framed on the left side with the
text inscription Bangko Sentral ng Pilipinas underscored
by a gold line drawn in half circle.
The right side remains open, signifying freedom,
openness, and readiness of the BSP, as represented by
the Philippine eagle, to soar and fly toward its goal.
Putting all these elements together is a solid blue
background to signify stability.
PRINCIPAL ELEMENTS
1. The Philippine Eagle, our national bird, is the worlds
largest eagle and is a symbol of strength, clear vision
and freedom, the qualities we aspire for as a central
bank.
2. The three stars represent the three 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 BSPs
equal concern for the impact of its policies and programs
on all Filipinos, whether they are in Luzon, Visayas or
Mindanao.
COLORS
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.
RESPONSIBI
LITIES
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.