BSP Increases Credit Card Interest Rate Cap per Month CREDIT CARD INTEREST RATE CAP – The Bangko Sentral ng Pilipinas (BSP) raised the monthly interest rate cap for credit cards. Most banks in the Philippines offer credit cards to their clients who have good records. New clients may also apply for a credit card but … Read more
BSP Guidelines on Banknotes Handling BSP – Bangko Sentral ng Pilipinas issued guidelines on the proper handling of paper and polymer banknotes. Every once in a while, Bangko Sentral ng Pilipinas leads the printing of banknotes in the country to make sure that there is enough for circulation. There are instances wherein printing of existing … Read more
How To Spot Fake P1000 Bill? Here are the 12 Points to Consider HOW TO SPOT FAKE P1000 BILL – Here is a guide on the important features that you must check on a P1000 banknote to make sure it is not fake. Banknotes and coins are among the things that revolve across the globe. … Read more
Did Bangko Sentral Issue New “Bagong Lipunan” Coins? BANGKO SENTRAL – The BSP or the Central Bank of the Philippines reacted to claims on social media about the alleged “new Bagong Lipunan coins”. In the Philippines, the official body that is in-charge of the publishing and release of the banknotes and bills is Bangko Sentral … Read more
BSP Guidelines on P1000 Polymer Banknote Handling BSP – The Bangko Sentral ng Pilipinas or Central Bank of the Philippines has some warnings on the handling of the new P1000 polymer banknote. Among the things that are passed on several times in a day are banknotes and coins. Most of the circulation takes place in … Read more
BSP Speaks on Philippine Peso-Dollar Exchange Rates Now PHILIPPINE PESO – Bangko Sentral ng Pilipinas (BSP) spoke on the weakening of the Philippine currency to dollar. The exchange rate of Peso and Dollar has reached at least P54.00 for every $1. It sparked concern among many Filipinos amid the overseas Filipino workers (OFWs) benefitting from … Read more
Bangko Sentral Tells Filipinos To Save Money in Banks, Loan Associations BANGKO SENTRAL – The Central Bank of the Philippines is urging the Filipinos to deposit their savings instead of saving money at home. A lot of people invest their money in businesses and investment products but they still take even just a small part … Read more
