Podcast
Questions and Answers
The Bangko Sentral ng Pilipinas (BSP) has the ________________ within the entire territory of the Philippines
The Bangko Sentral ng Pilipinas (BSP) has the ________________ within the entire territory of the Philippines
exclusive power to issue currency and to regulate the supply of money
Bangko Sentral ng Pilipinas (BSP) has the sole power and authority to issue currency within the entire territory of the Philippines.
Bangko Sentral ng Pilipinas (BSP) has the sole power and authority to issue currency within the entire territory of the Philippines.
True
The public generally accepts and/or passes Philippine currency as a legal tender without full knowledge if the currency is genuine.
The public generally accepts and/or passes Philippine currency as a legal tender without full knowledge if the currency is genuine.
True
In 2009, the Bangko Sentral ng Pilipinas announced a massive redesign for current banknotes and coins to further enhance security features and improve durability.
In 2009, the Bangko Sentral ng Pilipinas announced a massive redesign for current banknotes and coins to further enhance security features and improve durability.
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The new banknote design features famous Filipinos and iconic natural wonders.
The new banknote design features famous Filipinos and iconic natural wonders.
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Philippine national symbols will also be depicted on coins.
Philippine national symbols will also be depicted on coins.
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What organization has the sole power and authority to issue currency within the entire territory of the Philippines?
What organization has the sole power and authority to issue currency within the entire territory of the Philippines?
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What did the Bangko Sentral ng Pilipinas announce in 2009?
What did the Bangko Sentral ng Pilipinas announce in 2009?
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What is the purpose of recognizing genuine Philippine currency and guarding against counterfeits?
What is the purpose of recognizing genuine Philippine currency and guarding against counterfeits?
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What do the new banknote designs feature?
What do the new banknote designs feature?
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Who are the members of the Numismatic Committee mentioned in the text?
Who are the members of the Numismatic Committee mentioned in the text?
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Study Notes
Bangko Sentral ng Pilipinas (BSP)
- Has the sole power and authority to issue currency within the entire territory of the Philippines.
- Announced a massive redesign for current banknotes and coins in 2009 to enhance security features and improve durability.
- Introduced new banknote designs featuring famous Filipinos and iconic natural wonders.
- Depicts Philippine national symbols on coins.
Importance of Genuine Currency
- Recognizing genuine Philippine currency is essential to guard against counterfeits.
- The public must be aware of the authenticity of currency to maintain trust in the financial system.
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Description
Test your knowledge on the jurisdiction of the Bangko Sentral ng Pilipinas within the entire territory of the Philippines.
