FACT CHECK: 'Ang Bagong Lipunan' currency series not backed by gold
Demonetized banknotes and coins no longer hold monetary value, aside from being part of a collection
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Demonetized banknotes and coins no longer hold monetary value, aside from being part of a collection
Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said the six-hectare Security Plant Complex (SPC) in Quezon City with estimated value of P8billion will not be considered “for sale” under his watch. “We have not yet discussed what we’ll do,” he told Manila Bulletin. “Maybe, that’s bett
The Bangko Sentral ng Pilipinas (BSP) will spend at least P25 billion for the construction of a new Currency Production Facility (CPF) in its 31.2-hectare complex in New Clark City in Capas, Tarlac. BSP told Manila Bulletin that the budget of "around P25 billlion" for the bigger printing facility h
The Bangko Sentral ng Pilipinas (BSP) is expected to start construction of its new BSP Complex in New Clark City in Capas, Tarlac possibly by end 2022. BSP New Clark City Perspective The BSP has recently signed the contract with winning bidder Aidea Inc. for the architectural and engineering des
MANILA - Exempting small-scale miners from paying income and excise taxes resulted in around 1,000 percent jump in Bangko Sentral ng Pilipinas' (BSP) gold purchases in 2020 and more refinements are still in the pipeline to support this. In a virtual briefing on Friday, BSP Mint and Refinery Operations Department Director Joseph Norbert S. David said Republic Act (RA) 11256, or the amendment in the National Internal Revenue Code, which was signed into law on March 29, 2019 "has a positive impact on our purchases". "The BSP was able to buy a total volume of 115,800 troy ounces...