The Bangko Sentral ng Pilipinas (BSP) has been honored with the Currency Manager of the Year award by Central Banking, a prestigious London-based organization.
In a statement Wednesday, the BSP said the award was announced on March 20, 2025, with the official ceremony held on June 11, 2025.
Central Banking provides information, analysis, and training to over 140 central banks and their partners worldwide.
The BSP said the award recognizes its efforts to ensure a sufficient supply of highly trusted banknotes for the country’s growing economy.
Central Banking also cited the BSP’s initiative to introduce the polymer banknote series.
It also cited the BSP’s agreements with Banque de France and Bundesdruckerei, Germany’s state-owned banknote producer.
These arrangements cover payments and currency management, security, and production. The BSP signed them in November and October 2024, respectively.
Assistant Governor Mary Anne Lim accepted the award on behalf of the BSP.
“Our collaborative efforts with fellow central banks and government-owned printworks have made our currency management robust and resilient,” Lim said.
The BSP’s ongoing collaboration with Note Printing Australia, a subsidiary of the Reserve Bank of Australia, was also recognized for the production of the Philippines’ first polymer banknotes.
“Banknotes remain vital in our developing economy. We’re committed to ensuring our people have enough of them and have faith in them,” BSP Governor Eli Remolona Jr. said.*PNA
