Bangko Sentral ng Pilipinas
Overview
 
The Bangko Sentral ng Pilipinas (English
English language
English is a West Germanic language that arose in the Anglo-Saxon kingdoms of England and spread into what was to become south-east Scotland under the influence of the Anglian medieval kingdom of Northumbria...

: Central Bank of the Philippines) and commonly abbreviated as BSP is the central bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...

 of the Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...

. It was rechartered on July 3, 1993, pursuant to the provision of the 1987 Philippine Constitution
Constitution of the Philippines
The Constitution of the Philippines is the supreme law of the Philippines.The Constitution currently in effect was enacted in 1987, during the administration of President Corazon Aquino, and is popularly known as the "1987 Constitution"...

 and the New Central Bank Act of 1993. The BSP was established on January 3, 1949, as the country’s central monetary authority.
In 1900, the First Philippine Commission passed Act No.
 
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