The Bangko Sentral ng Pilipinas (BSP) has a primary objective of maintaining price stability to support balanced and sustainable economic growth. Additionally, the BSP aims to promote and preserve monetary stability and ensure the convertibility of the national currency. These goals are essential for fostering a stable economic environment in the Philippines. The BSP is responsible for providing policy directions in money, banking, and credit. It supervises the operations of banks and exercises regulatory powers over non-bank financial institutions with quasi-banking functions. This oversight ensures that financial institutions operate within the legal framework and maintain stability in the financial system. Under the New Central Bank Act of 1993, the BSP performs several key functions. It manages liquidity by formulating and implementing monetary policy, issues the national currency, acts as a lender of last resort, supervises financial institutions, manages foreign currency reserves, and determines exchange rate policy. Additionally, the BSP serves as the banker, financial advisor, and official depository of the Government and its entities.
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Key Roles and Functions of the Bangko Sentral ng Pilipinas

The Bangko Sentral ng Pilipinas (BSP) has a primary objective of maintaining price stability to support balanced and sustainable economic growth. Additionally, the BSP aims to promote and preserve monetary stability and ensure the convertibility of the national currency. These goals are essential for fostering a stable economic environment in the Philippines.

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