The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines that is responsible for maintaining monetary stability and supervising the financial system. The BSP was established on July 3, 1993, as a successor to the Central Bank of Philippines, which was founded in 1949. The BSP has the exclusive authority to issue the national currency, conduct monetary policy, oversee payment and settlement systems, regulate banks and other financial institutions, and manage the country’s foreign exchange reserves. The BSP is also committed to promoting financial inclusion, sustainable development, and good governance. The BSP is headed by a Governor, who is appointed by the President of the Philippines for a term of six years. The Governor is also the Chairman of the Monetary Board, which is the highest policy-making body of the BSP. The Monetary Board consists of seven members, including the Governor, the Secretary of Finance, and five members from the private sector. The BSP has its main office in Manila, and has regional offices and branches throughout the country. You can learn more about the BSP by visiting its official website1 or reading its primer2. You can also read about its history and functions on Wikipedia3.