Netizens find new Philippine coins confusing

Some netizens are not impressed with the New Generation Currency (NGC) Coin series released by the Bangko Sentral ng Pilipinas (BSP), saying that the coins are hard to distinguish by touch and may also confuse those with poor eyesight.

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Use of ATM card as loan collateral legal – BSP

There is no law prohibiting the use of an Automated Teller Machine (ATM) card as collateral in securing a loan, officials of the Banko Sentral ng Pilipinas said on Monday. At the hearing of the Senate committee on banks, financial institutions and currencies, committee chair Senator Francis Escudero repeatedly asked the BSP officials present if there is law against the so-called […]

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Pimentel warns: No partnership with digital currency firm

Pimentel warns: No partnership with digital currency firm

Senate President Aquilino “Koko” Pimentel III has vehemently denied that he or the Senate had a partnership with the Digital Currency Co., Ltd. (DCC) for the release of a virtual currency called the Philippine Global Coin (PGC).

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BSP urged to delay release of new P5 coin until April

BSP urged to delay release of new P5 coin until April

Sen. Nancy Binay appealed anew on Tuesday for the Bangko Sentral ng Pilipinas (BSP) to delay the issuance of the new P5 coin until April when it had done a massive information campaign on the new generation coins whose shape and size were confusing.

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COA orders BSP to return P17-M over anomalous anti-fire system

The Commission on Audit has ordered the Bangko Sentral ng Pilipinas to return P17.15 million in funds spent on a fire suppression system in 2002 and blacklist the supplier for alleged “fraudulent and wrongful acts.” 

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