PRESIDENT Rodrigo Duterte on Wednesday called on the Bangko Sentral ng Pilipinas (BSP) to rev up the fight against counterfeiting. “I call on the BSP to stop illegal activities that impede our efforts in promoting the integrity of our currency. Duterte also ordered the central bank to be vigilant in ensuring price and financial stability by the institution of banking reforms and sharpening strategies. He commended the bank for creating stronger and safer financial systems, and for safeguarding the integrity of the Philippine peso. In February 2016, unidentified hackers stole $81 billion, or around P4.2 billion, from Bangladesh’s central bank.

Source: Manila Times May 09, 2018 16:07 UTC