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The Philippine Deposit Insurance Corporation (PDIC) announced the appointment of former Monetary Board (MB) Member, Juan De Zuñiga, Jr., as Member of the PDIC

THE Philippine Deposit Insurance Corp. (PDIC) announced the appointment of former Monetary Board (MB) member, Juan D. De Zuñiga Jr., as member of the PDIC Board representing the private sector. Atty. De Zuñiga, Jr. took his oath of office before Finance Secretary and PDIC Chairman Carlos G. Dominguez via Zoom…

Published July 6, 2021, 8:00 AM To ensure adequate supply of physical money during the pandemic, the Bangko Sentral ng Pilipinas (BSP) outsourced 62.2 percent of banknotes from foreign printers last year, printing only 34.7 percent locally, according to a BSP report. This is in contrast to what is considered “normal times” when BSP will print most of the country’s banknotes requirements. In 2019 it produced 65.7 percent of banknotes and only outsourced 34.3 percent. The BSP outsource currency printing as a temporary stop-gap measure to meet surges in currency demand such as in the 1,000...

The Bangko Sentral ng Pilipinas has launched a design competition for its production facility which will be built at the New Clark City in Capas, Tarlac.

The Bangko Sentral ng Pilipinas (BSP) is exploring options on what to do with its six-hectare Security Plant Complex (SPC), currently valued at P8 billion, in Quezon City once it has relocated its printing facility in New Clark City in Capas, Tarlac. “We’re keeping our options open,” said BSP Gov