Overview of the BSP Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines.

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1 Overview of the BSP Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines. BSP was established on 3 July 1993 pursuant to the provisions of the 1987 Phil. Constitution and the New Central Bank Act of BSP took over from the Central Bank of Philippines (CBP), which was established on 3 January 1949, as the country s central monetary authority.

2 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

3 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

4 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. 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

5 BSP s equal concern for the impact of its policies and programs on all Filipinos, whether they are in Luzon, Visayas or Mindanao. Colors 1. The blue background signifies stability. 2. The stars are rendered in gold to symbolize wisdom, wealth, idealism, and high quality. 3. The white color of the eagle and the text for BSP represents

6 purity, neutrality, and mental clarity. Font or Type Face 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. Shape Round shape to symbolize the

7 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 The BSP Main Complex in Manila houses the offices of the Governor, the Monetary Board and the different operating

8 departments/ offices. The Complex has several buildings, namely: 5-Storey building, Multi-storey building, the EDPC building and the BSP Money Museum, which showcases the Bank's collection of currencies. The BSP Security Plant Complex The Security Plant Complex which is located in Quezon City houses a banknote printing plant, a securities printing plant, a mint and a gold

9 refinery. The banknote printing plant and the mint take care of producing currency notes and coins, respectively. The BSP Regional Offices and Branches The BSP has three regional offices performing cash operations, cash administration, loans and rediscounting, bank supervision and gold buying operations. These regional offices are located in La Union,

10 Cebu City and Davao City. There are also 18 BSP branches situated in Batac (Ilocos Norte), Tuguegarao City (Cagayan), Dagupan City (Pangasinan), Cabanatuan City (Nueva Ecija), Angeles City (Pampanga), Lucena City (Quezon), Naga City (Camarines Sur), Legazpi City (Albay), Dumaguete City (Negros Oriental), Bacolod City (Negros Occidental), Iloilo City (Iloilo), Kalibo (Aklan), Tacloban City (Leyte), Cagayan de Oro City (Misamis Oriental), Ozamiz City (Misamis Occidental), Cotabato City, General Santos City (South Cotabato) and Zamboanga City (Zamboanga del

11 Sur). They perform cash operations, cash administration, and in certain areas, gold buying operations. Best viewed using Internet Explorer 6, Resolution 1024 x 768

A message from the Bangko Sentral ng Pilipinas

A message from the Bangko Sentral ng Pilipinas 1 What is demonetization? Demonetization is the process of removing the monetary value of a legal tender currency by the issuing authority. Demonetized currency