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The Bangko Sentral ng Pilipinas (BSP) recently announced that they’d be launching a pilot project called Project CDBCPH, which involves a central bank digital currency or CBDCs. A CBDC is something like a cryptocurrency like Bitcoin and Etherium in the sense that they are all digital tokens. The difference here is that crypto is issued […]
A new 1000 peso bill went into circulation last April 22. The new banknote’s notable characteristic is that it is made from polymer material. According to the Bangko Sentral ng Pilipinas, polymer bills can be sanitized with less risk of damage compared to traditional paper bills. The BSP did this because of public health and […]
After the “New Generation Currency” (NGC) Coin Series was introduced to the public, it was met with scrutiny and has sparked debates among netizens. According to Banko Sentral ng Pilipinas (BSP), the decision to release a new series of coins was mainly to stop foreign entities from illegally exporting coins to extract its nickel content […]