Bangko Sentral ng Pilipinas
1 articleBangko Sentral ng Pilipinas is the central bank of the Philippines and is commonly abbreviated BSP. It conducts peso monetary policy, issues currency, manages reserves, supervises banks and other covered financial institutions, and oversees payment and settlement systems. Its Monetary Board directs major policy and regulatory decisions. BSP is the public monetary authority connected with PHP, while the Philippine peso is the unit circulating through banknotes, coins and accounts.
Philippine Cash Replacements Fall as Digital Payments Expand
BSP figures show fewer banknotes needing replacement as polymer notes last longer and more deposited cash returns to circulation. Digital payments reached 64.7% of retail payment volume in 2025, but cash remains an important fallback.