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The Central Bank of the Republic of the Philippines is locally known as Bangko Sentral ng Pilipinas or BSP. The bank was instituted in July 3, 1993 in conformance to the provisions of the 1987 Philippine Constitution and the New Central Bank Act of 1993. The original Central Bank of the Philippines, which was founded in January 3, 1949, was succeeded by BSP as the Philippinesā central monetary authority. The Bangko Sentral ng Pilipinas enjoys fiscal and administrative autonomy from the National Government […]