Tag: Central Bank
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Philippine Central Bank Solely Manages National Gold Reserves
MANILA – The Bangko Sentral ng Pilipinas (BSP) announced on Monday that it exclusively manages the Philippines’ gross international reserves (GIR), which include gold. The central bank’s primary goal is to ensure the stability and convertibility of the Philippine peso and to fulfill any anticipated foreign currency demands. The BSP emphasized that the GIR is…
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