The BSP said in a Facebook post there are 3 methods to check and spot fake money — feel, look, and tilt.
The tips of the country's central bank came hours after authorities raided an alleged plant creating fake money in Sampaloc, Manila.RELATED VIDEO
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BSP allows foreign banks to exceed single-borrower loan limits to boost lendingThe central bank has adopted another coronavirus pandemic-related relief measure, this time allowing foreign banks in the country to lend more to companies which may have already reached their cap on loan exposures to single borrowers. | daxINQ
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BSP pumped P2 trillion into PH economy in 2020 to fight pandemicThe central bank flooded the Philippines last year with cash equivalent to a tenth of the value of the economy in an attempt to counteract the ill effects of the coronavirus pandemic and restore gross domestic product to its growth path. | daxinq
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BSP eyes more investors in weekly debt notes offerThe central bank is looking to attract more bids for its weekly issuance of 28-day securities after seeing strong demand last year. It now wants to open the bids to more entities apart from banks to shore up liquidity.
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BSP to act early vs risky banks to protect financial systemBSP will move proactively and preemptively to ensure that financial institutions do not take on more risk than they should and, in the process, help safeguard the Philippine economy, according to the the country’s top banking regulator. | daxinq daxINQ Hmm what abt their existing risk exposure? daxINQ Good! Start with the businessman/friend who luckily received sovereign guarantee for his 700M private debt.
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Economists expect BSP to keep rates unchangedWith local inflation trending higher, the Bangko Sentral ng Pilipinas (BSP) is likely to veer away from interest cuts anytime soon, economists said. It was earlier reported that the country’s inflation rate accelerated to 3.5 percent year-on-year in December from 3.3 percent in November. ADVERTISEMENT With the BSP itself suggesting that the uptick in consumer […]
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