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News and Events

Seen Any 10,000-Piso Banknote Lately? It’s a Fake, Warns the Bangko Sentral

Monetary authority advises the public to report to the police any forged currency in circulation

  The Bangko Sentral ng Pilipinas has issued an advisory on June 23 against fictitious 10,000-Piso Banknote, advising the public to immediately report to the nearest police station or the National Bureau of Investigation if they have seen one being used. It didn’t explain what prompted the advisory but the issuance ...

by Entrepreneur Staff  | June 23, 2018 03:00:00
News and Events

(Infographic) Here’s How PH’s New Generation Currency Coins Look Like

The Bangko Sentral ng Pilipinas says the new coins are harder to counterfeit

The Bangko Sentral ng Pilipinas (BSP) announced on Monday, March 26, it will start releasing the new generation currency (NGC) coins with enhanced security and design features to reduce counterfeiting. The Philippine coins with the old design will remain legal tender until ...

by Elyssa Christine Lopez  | March 26, 2018 07:00:00
News and Events

Do You Get Confused by the New Php5 and Php1 Coins? You're Not Alone

Netizens report difficulties distinguishing one from the other

There have been numerous complaints from netizens confused about the new Php5 and the old Php1 coinsThe Bangko Sentral ng Pilipinas (BSP) unveiled the new design of the Php5 coins in late November last year to coincide with the birth anniversary of ...

by Entrepreneur Staff  | March 02, 2018 04:00:00
News and Events

With the Peso Falling to Almost 12-Year Lows, Can You Still Afford Your Dream Vacation Abroad?

It's off 22% from its peak in early 2013. What’s the impact on traveling to HK, Japan or Korea?

Thanks to local and foreign budget airlines as well as Airbnb, vacationing abroad has become increasingly affordable for a growing number of Filipino middle class families.This was especially true in early 2013, when the peso rose to 40.653 per US dollar, its ...

by Elyssa Christine Lopez  | February 28, 2018 09:00:00
News and Events

The Peso Was Asia’s Third Weakest Currency in 2017 But PH Gov’t Says It’s a Good Thing

Despite its slight depreciation, the peso’s stability was a sign of strong economic fundamentals, says DOF

The Philippine peso closed last year at Php49.85 per US dollar, 0.50 percent weaker than the previous year’s close of Php49.60.That kind of change doesn’t look like much but it stands out in Asia, where most currencies, on average, appreciated or got ...

by Entrepreneur Staff  | January 08, 2018 05:00:00
Business Ideas

Bangko Sentral unveils new currency

Shortly before the holidays, the Bangko Sentral ng Pilipinas unveils the new generation Philippine banknotes

A few  days before Christmas,  the Bangko Sentral ng Pilipinas came out with new banknotes for the Philippine currency,  a move that is hoped to curb counterfeiting in the country. The new batch of banknotes focused on showcasing the country’s wonderful spots ...

December 20, 2010 02:00:00