Precious Grace A.

Salazar
BSA 2.2

MEANING OF BSP IDEA BUILDER

The State shall maintain a central
monetary authority that shall function
and operate as an independent and
CREATION OF BSP
accountable body corporate in the
discharge of its mandated responsibilities
There is hereby established an
concerning money, banking and credit.
independent central monetary
authority, which shall be a body
corporate known as the Bangko
PRIMARY OBJECTIVES OF BSP
Sentral ng Pilipinas, hereafter
referred to as Bangko Sentral. The
a. To maintain price stability capital of the Bangko Sentral shall
conducive to a balanced and be two hundred billion pesos
sustainable growth of the (P200, 000,000,000), to be fully
economy; and subscribed by the Government.
b. To promote and maintain
monetary stability and the
convertibility of the peso.

WHAT I LEARNED

WHAT I WAS
CONFUSED
ABOUT

CORPORATE POWERS OF BSP

What I learned about this topic is that BSP has
Responsibilities, they are responsible to
provide the policies in the areas of money
banking and also credit, they also the one
who make rediscounts, discounts, loans and  Why BSP is important to the
The Bangko
advances to banking and Sentral is hereby authorized:
other financial economy?
institutions. They 1. Tomay
also adopt, alter,and
acquire andhold
use a corporate seal which shall be judicially
 What noticed;
are the advantages of BSP
2. To enter into contracts;
such assets such liabilities. to other countries?
3. To lease or own real and personal property, and to sell or otherwise
 How can dispose of an impact to
BSP make
the same; the economic development of
4. To sue and be sued; and our country?
5. To do and perform any and all things that may be necessary or proper to carry
out the purposes of this Act.