President Duterte has signed into law Republic Act 11211, which amended RA 7653 or the New Central Bank Act. The new BSP Charter authorizes the increase in its capitalization to P200 billion from P50 billion. “The amendments to the BSP Charter are both timely and attuned to a fast-evolving market landscape. The focus on these indicators has declined among central banks over the years, as fostering price stability now considers a broader set of indicators. It also restores the central bank’s authority to issue debt papers as part of its regular operation.

Source: Philippine Star February 17, 2019 16:01 UTC