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    Banko Sentral NG Pilipinas

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    Sarah Hallig Cayabyab
    The document provides an overview of the functions and operations of the Bangko Sentral ng Pilipinas (BSP). The BSP's primary objectives are maintaining price stability and promoting monetary stability and currency convertibility. It is responsible for monetary policy, currency issue, acting as lender of last resort, financial supervision, managing foreign reserves, determining exchange rate policy, and other central banking activities. The BSP's organizational structure consists of the Monetary Stability Sector, Supervision and Examination Sector, Resource Management Sector, Security Plant Complex, and Executive Management Services.

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    Banko Sentral NG Pilipinas

    Uploaded by

    Sarah Hallig Cayabyab
    48 views2 pages
    The document provides an overview of the functions and operations of the Bangko Sentral ng Pilipinas (BSP). The BSP's primary objectives are maintaining price stability and promoting monetary stability and currency convertibility. It is responsible for monetary policy, currency issue, acting as lender of last resort, financial supervision, managing foreign reserves, determining exchange rate policy, and other central banking activities. The BSP's organizational structure consists of the Monetary Stability Sector, Supervision and Examination Sector, Resource Management Sector, Security Plant Complex, and Executive Management Services.

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    BSP

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    Banko Sentral Ng Pilipinas

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    The document provides an overview of the functions and operations of the Bangko Sentral ng Pilipinas (BSP). The BSP's primary objectives are maintaining price stability and promoting monetary stability and currency convertibility. It is responsible for monetary policy, currency issue, acting as lender of last resort, financial supervision, managing foreign reserves, determining exchange rate policy, and other central banking activities. The BSP's organizational structure consists of the Monetary Stability Sector, Supervision and Examination Sector, Resource Management Sector, Security Plant Complex, and Executive Management Services.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    48 views2 pages

    Banko Sentral NG Pilipinas

    Uploaded by

    Sarah Hallig Cayabyab
    The document provides an overview of the functions and operations of the Bangko Sentral ng Pilipinas (BSP). The BSP's primary objectives are maintaining price stability and promoting monetary stability and currency convertibility. It is responsible for monetary policy, currency issue, acting as lender of last resort, financial supervision, managing foreign reserves, determining exchange rate policy, and other central banking activities. The BSP's organizational structure consists of the Monetary Stability Sector, Supervision and Examination Sector, Resource Management Sector, Security Plant Complex, and Executive Management Services.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
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    Overview of Functions and Operations


    Objectives
    The BSP’s 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.
    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 Republic’s central monetary authority.
    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.
    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.
    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.
    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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    The BSP's Organizational Structure


    as of December 2015

    Monetary Stability Sector - mainly responsible for the operations/activities related to monetary
    policy formulation and implementation
    Supervision and Examination Sector – mainly responsible for the regulation of banks and other
    BSP-supervised financial institutions
    Resource Management Sector – mainly responsible for the management of human, financial, and
    physical resources of the Bank
    Security Plant Complex – responsible for the production of Philippine currency, security
    documents, and commemorative medals and medallions
    Executive Management Services – a collective term for all departments/offices directly reporting
    to the Monetary Board or to the Governor

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