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Finmar g5

The document outlines the evolution of the Bangko Sentral ng Pilipinas (BSP) from its establishment in 1993 to the introduction of new generation currency and polymer banknotes. It highlights the BSP's initiatives in digital currency and payment systems, including cryptocurrencies and various digital wallets. Additionally, it discusses the financial policies of BSP, emphasizing both the positive impacts of financial inclusion and the challenges posed by cybersecurity risks and regulatory issues.

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MJ Carodan
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18 views1 page

Finmar g5

The document outlines the evolution of the Bangko Sentral ng Pilipinas (BSP) from its establishment in 1993 to the introduction of new generation currency and polymer banknotes. It highlights the BSP's initiatives in digital currency and payment systems, including cryptocurrencies and various digital wallets. Additionally, it discusses the financial policies of BSP, emphasizing both the positive impacts of financial inclusion and the challenges posed by cybersecurity risks and regulatory issues.

Uploaded by

MJ Carodan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ity zation

od er n itali
M h D ig
hr ou g
t

July 3, 1993- Bangko Sentral ng Pilipinas (BSP)


replaced the Central Bank of the Philippines
1995: A new set of coins and notes was issued, now
featuring the logo of the Bangko Sentral ng Pilipinas.

2009: The Bangko Sentral ng Pilipinas


(BSP) announced a major redesign.
December 16, 2010: BSP released the initial
batch of New Generation Currency (NGC)
banknotes.

2020: BSP launched enhanced NGC banknotes

First Philippine polymer bank note series, composed of the 1,000, 500,
100 and 50 peso denominations
Stronger polymer-
banknotes last two to 5
times longer than paper
banknotes.
Cleaner polymer- have a
smooth and non-absorptive
surface.
Smarter polymer- more

DIGITAL era
sophisticated security
features.

Central Bank Digital


Currency (CBDC) through
Project CBDCPh
Cryptocurrencies
o Bitcoin (BTC) Digital Payment Money
o Ethereum (ETH) o GCash
o Axie Infinity SLP o Maya
o GrabPay
o ShopeePay

FINANCIAL POLICIES

1. Monetary 2. Supervisory and 3. Financial 4. Cybersecurity


Policy Regulatory Framework Inclusion Policies Policies

POSITIVE
Financial Inclusion, Accessibility and
Bangko Sentral ng Pilipinas (BSP) Convenience
EastWest Bank Growth of E-Commerce & Businesses
Asia United Bank (AUB) Faster & More Efficient Transactions
GCash (Mobile Wallet)
PayMaya (Digital Wallet) NEGATIVE
Cybersecurity Risks & Fraud
Technology Gap
Regulatory Challenges

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