The Bangko Sentral ng Pilipinas has chosen New Clark City as the new location for its peso printing and coin minting facility.
The deal signed by BSP Governor Benjamin Diokno and BCDA President and Chief Executive Officer Vivencio Dizon allots a 29.22-hectare lot within the National Government Administrative Center for the new production plant. Diokno said the central bank considered several sites for the move and factored in the lot configuration, site conditions, and infrastructure support.
"It is crucial for the BSP to maintain a currency production facility that will allow sufficient agility to meet the country’s currency requirements. The move to the New Clark City will also boost the Bank’s capacity to sustain its operations in times of calamity or natural disaster," he added.
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