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64-630: The name “Manabo” came from the word “Anabo”, a thorny herb used for making twines of rope, growing luxuriantly in the fields between San Jose Sur and Poblacion. One time during the Spanish regime, a group of Spaniards passed by the place and asked the name of the thorny herb. The people answered “Anabo”. From that time on, the Spaniards called the place Manabo. The first inhabitants of Manabo were Tinguians who came from Mountain Province. They settled in

128-699: A central bank for the Philippine Islands . It came up with the rudiments of a bill for the establishment of a central bank after a careful study of the economic provisions of the Hare–Hawes–Cutting Act , which would grant Philippine independence after 12 years, but reserving military and naval bases for the United States and imposing tariffs and quotas on Philippine exports. However, the Hare–Hawes–Cutting Act would be rejected by

192-566: A charter for a central bank. The establishment of a monetary authority became imperative a year later as a result of the findings of the Joint Philippine-American Finance Commission chaired by Cuaderno. The commission, which studied Philippine financial, monetary, and fiscal problems in 1947, recommended a shift from the dollar exchange standard to a managed currency system. A central bank was needed to implement this proposed shift. Roxas then created

256-779: A leading member of the Alliance for Financial Inclusion. It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration during the 2011 Global Policy Forum held in Mexico . With money laundering being one of the problems of the Philippines, the BSP has issued a number of measures to bring the Philippines' regulatory regime on money laundering closer to international standards. In September 2001,

320-463: A legitimate banking activity and to set the rules and regulations for its practice within the banking sector. In the same year, the BSP declared microfinance as its flagship program for poverty alleviation. The BSP has become the prime advocate for the development of microfinance. To this end, the Bangko Sentral aims to: The Bank is active in promoting a financial inclusion policy and is

384-481: A special observer. The platform, which is expected to go live by 2026, will interlink domestic fast payment systems of the member countries. As prescribed by the New Central Bank Act , the main functions of the Bangko Sentral are: The basic structure of the Bangko Sentral includes: The powers and function of Bangko Sentral are exercised by its Monetary Board, whose seven members are appointed by

448-725: Is appointed by the president of the Philippines from a list of nominees submitted by a Special Committee and endorsed by the PSA Board Chairperson, is the head of the PSA and has a rank equivalent to an Undersecretary. Aside from directing and supervising the general administration of the PSA, the National Statistician provides overall direction in the implementation of the Civil Registry Law and related issuances and exercise technical supervision over

512-496: Is the government's central identification platform for all citizens and resident aliens of the Philippines. An individual's record in the PhilSys shall be considered as an official and sufficient proof of identity. It was established through Republic Act No. 11055, which was signed into law by President Rodrigo Duterte on August 6, 2018. PhilSys aims to eliminate the need to present other forms of identification when transacting with

576-576: Is the highest policymaking body on statistical matters, and offices on sectoral statistics, censuses and technical coordination, civil registration and central support and field statistical services. It is headed by the Secretary of Socioeconomic Planning and Director-General of NEDA as chairperson, with the Secretary (or the duly designated Undersecretary) of the Department of Budget and Management (DBM) as vice-chairperson. Its members are composed of

640-537: The 1973 Constitution , the interim Batasang Pambansa (National Assembly) was mandated to establish an independent central monetary authority. Presidential Decree No. 1801 designated the Central Bank of the Philippines as the central monetary authority (CMA). According to a confidential October 19, 1984 Monetary Board report, the Central bank overstated the country's dollar reserves at $ 600 million. Following

704-763: The Anti-Money Laundering Act , or AMLA, was made into law. The AMLA defined money laundering a criminal offense, and prescribed corresponding penalties. It also provided the foundation for a central monitoring and implementing council called the Anti-Money Laundering Council (AMLC). The AMLC is composed of the Governor of the Bangko Sentral as chair, and the Commissioner of the Insurance Commission and

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768-802: The National Government Administrative Center district of New Clark City in Capas, Tarlac after it signed a memorandum of agreement with the Bases Conversion and Development Authority in September 2019. The new currency production facility will be located on a 29-hectare (72-acre) plot near the access road connecting New Clark City in Pampanga to the Subic–Clark–Tarlac Expressway and it

832-519: The Philippine Statistics Authority , the municipality has a land area of 110.95 square kilometres (42.84 sq mi)   constituting 2.66% of the 4,165.25-square-kilometre- (1,608.21 sq mi) total area of Abra. Manabo is politically subdivided into 11 barangays . Each barangay consists of puroks and some have sitios . In the 2020 census, Manabo had a population of 11,611. The population density

896-667: The Senate of the Philippines at the urging of Commonwealth President Manuel L. Quezon . This Senate then advocated a new bill that won United States President Franklin D. Roosevelt 's support, this would be the Tydings–McDuffie Act , which would grant Philippine independence on July 4, 1946. Under the Commonwealth , discussions continued regarding the idea of a Philippine central bank that would promote price stability and economic growth. The country's monetary system then

960-608: The overthrow of President Marcos, the 1987 Constitution adopted the CMA provisions from the 1973 Constitution that were aimed at establishing an independent monetary authority through increased capitalization and greater private sector representation in the Monetary Board. In accordance with a provision in the 1987 Constitution, President Fidel V. Ramos signed Republic Act No. 7653, otherwise known as The New Central Bank Act , into law on June 14, 1993. The law provides for

1024-505: The 1993 from June 18, 2010 until the demonetization of commemorative banknotes under the New Design Series on August 2, 2019 and 2020 logos since November 20, 2020), is still currently used in banknotes and coinage in circulation since December 16, 2010 and November 30, 2017, respectively. It was used on New Generation Currency banknotes printed from December 16, 2010 to December 2022 and coins minted from November 30, 2017 until

1088-529: The Bank's capitalization to ₱200 billion. The Bank for International Settlements signed an agreement with Central Bank of Malaysia , Bank of Thailand , Bangko Sentral ng Pilipinas, Monetary Authority of Singapore , and the Reserve Bank of India on 30 June 2024 as founding member of Project Nexus, a multilateral international initiative to enable retail cross-border payments. Bank Indonesia involved as

1152-875: The Board consist of Undersecretaries of the remaining Departments as well as the Deputy Governor of the BSP, the Secretary General of the NSCB, the Administrator of the NSO, the executive director of the SRTC the Governor or City Mayor nominated by the League of Governors and City Mayors and a representative from the private sector who is elected by the Board. The National Statistics Office (NSO) (formerly known as

1216-757: The Bureau of Census and Statistics) was the Philippine government 's major statistical agency responsible for collecting, compiling, classifying, producing, publishing, and disseminating general-purpose statistics. The NSO also had the responsibility of carrying out and administering the provision of the Civil Registry Law including the archiving of birth, death, and marriage servicing requests for copies and certifications based on these documents as provided for in Act No. 3753 dated February 1931. The organization assumed its responsibilities when Commonwealth Act (C.A.) No. 591

1280-564: The Cabinet Secretary representing the incumbent administration. The current members of the Monetary Board are: The Bangko Sentral has 32 currencies directly convertible with the Philippine peso , which serves as a benchmark for all Philippine banks. Convertible currencies with Bangko Sentral: Others (Not Convertible With BSP): In 2000, the General Banking Law mandated the BSP to recognize microfinance as

1344-688: The Central Bank Council to prepare the charter of a proposed monetary authority. It was submitted to Congress in February 1948. The Central Bank Act authored by then Congressman José J. Roy was signed into law in June of the same year by the newly proclaimed President Elpidio Quirino , who succeeded the late President Roxas, affixing his signature on Republic Act (RA) No. 265 or the Central Bank Act of 1948. On January 3, 1949,

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1408-477: The Central Bank of the Philippines was formally inaugurated with Cuaderno as the first governor. The main duties and responsibilities of the Central Bank were to promote economic development and maintain internal and external monetary stability. Over the years, changes were introduced to make the charter more responsive to the needs of the economy. On November 29, 1972, President Ferdinand Marcos ' Presidential Decree No. 72 amended Republic Act No. 265, emphasizing

1472-756: The Chairman of the Securities and Exchange Commission as members, all acting unanimously in the discharge of the group's mandate. In February 2013, Philippine President Benigno Aquino III signed "Republic Act No. 10365" known as An Act Further Strengthening the Anti-Money Laundering Law , which aims to strengthen the AMLC by requiring that any suspicious transaction in foreign exchange, real estate, and jewelry and precious metal trading be reported. The 2020 logo of Bangko Sentral ng Pilipinas

1536-536: The Department of Economic Statistics of the Bangko Sentral ng Pilipinas (BSP). The Bureau of Agricultural Statistics (BAS) was a successor organization to the Bureau of Agricultural Economics (BAECON) and was established on January 30, 1987, by virtue of Executive Order No. 116. It absorbed the Bureau of Fisheries Statistics, and was placed within the Department of Agriculture (DA).  It served as

1600-476: The IRR. The Community-Based Monitoring System (CBMS), which was established by Republic Act 11315 and was signed into law by President Rodrigo Duterte on April 17, 2019, is an organized technology-based system of collecting, processing and validating necessary disaggregated data that may be used for planning, program implementation and impact monitoring at the local level which serves as basis in targeting households in

1664-491: The Labor Statistics Service and the creation of the Bureau of Labor and Employment Statistics (BLES) as one of the six bureaus of the department. It served as the statistical arm of the Department of Labor and Employment (DOLE), BLES ensured the quality of data being generated by all agencies within the department. Its mandate was to "develop and prescribe uniform standards, nomenclatures and methodologies for

1728-1044: The PhilSys shall be limited to the following:   The PhilID can be used in all transactions requiring proof or verification of citizens or resident aliens' identity, such as, but not limited to the following: application for eligibility and access to social welfare and benefits granted by the government; application for services and benefits offered by GSIS, SSS, PhilHealth, HDMF, and other government agencies; applications for passports and driver's license; tax-related transactions; registration and voting identification purposes; admission to any government hospital, health center or similar institution; all other government transactions; application for admission in schools, colleges, learning institutions, and universities, whether public or private; application and transaction for employment purposes; opening of bank accounts and other transactions with banks and other financial institutions; verification of cardholder's criminal records and clearances; such other transactions, uses or purposes, as may be defined in

1792-675: The Philippine government. Printing of official ballots and other public documents was later transferred to the National Printing Office pursuant to Executive Order No. 285 issued on July 25, 1987. On August 4, 2003, President Gloria Macapagal Arroyo issued "Administrative Order No. 79", which designated the SPC as the sole producer of insignia of national orders, decorations, and medals . The BSP will relocate its security plant complex from East Avenue, Quezon City to

1856-597: The Philippines ' ; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines . It was established on January 3, 1949, and then re-established on July 3, 1993 pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New Central Bank Act of 2019. The principal author was Senator Franklin Drilon . It

1920-473: The President of the Philippines. As provided for by RA 7653 or the New Central Bank Act, one of the government sector members of the Monetary Board must also be a member of Cabinet . Members of the Monetary Board are prohibited from holding certain positions in other government agencies and private institutions that may give rise to conflicts of interest. The members have fixed and overlapping terms, except for

1984-440: The activities of those  departments, corporations, and their subsidiaries; Promote and develop integrated social and economic statistics and coordinate plans for the integration of those statistics, including the national accounts; Develop and maintain appropriate frameworks and standards for the collection, processing, analysis, and dissemination of data; Coordinate with government departments and local government units (LGUs) on

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2048-771: The approval of the President of the United States ; Franklin D. Roosevelt did not give his. A second law was passed in 1944 under the Japanese-controlled Second Republic during the Second World War , but the 1945 arrival of American liberation forces, aided by Philippine Commonwealth troops and recognised guerrillas, aborted its implementation. Shortly after President Manuel Roxas assumed office in 1946, he instructed then- Finance Secretary Miguel Cuaderno, Sr. to draw up

2112-557: The civil registrars as Civil Registrar General . The current National Statistician and Civil Registrar General (NSCRG) is Usec. Dennis Mapa , Ph.D. as appointed by President Rodrigo Duterte in May 2019. Recognizing the need to further enhance the efficiency of the statistical system and improve the timeliness and accuracy of statistics for planning and decision making, the Philippine Statistical System (PSS)

2176-448: The collection, processing, presentation, and analysis of labor and employment data". The National Statistical Coordination Board (NSCB) was created by virtue of Executive Order No. 121 as the highest policy-making and coordinating body on statistical matters in the country. Its major goal was to promote the independence, objectivity, integrity, responsiveness, and relevance of the Philippine Statistical System (PSS) . It aimed to achieve

2240-544: The community using an accelerated poverty profiling system in the data collection, processing, mapping and analysis of data.  Regular and synchronized data collection is to be conducted by every city and municipality every three years. The PSA is the lead agency in its implementation. The PSA shall primarily be responsible for the implementation of the objectives and provisions of R.A. 10625. It shall plan, develop, prescribe, disseminate and enforce policies, rules and regulations and coordinate government-wide programs governing

2304-473: The councilors are elected directly by the people through an election which is being held every three years. Philippine Statistics Authority The Philippine Statistics Authority ( Filipino : Pangasiwaan ng Estadistika ng Pilipinas ; PSA ) is the central statistical authority of the Philippine government that collects, compiles, analyzes, and publishes statistical information on economic, social, demographic, political affairs, and general affairs of

2368-475: The country's numismatic heritage, the Museo collects, studies and preserves coins, paper notes, medals, artifacts and monetary items found in the Philippines during its different historical periods. These collections have been placed on permanent display at the Museo . Designed to "walk" the visitor through a number of galleries dedicated to a specific historical period of the country, the Museo visually narrates

2432-616: The development of an orderly statistical system capable of providing timely, accurate and useful data for the planning, programming, and evaluation needs of all sectors of the Philippine economy. The executive board was headed by the Director-General of the NEDA or his/her designated representative as chairman and assisted by the Undersecretary of the Department of Budget and Management (DBM) as vice-chairman. Other members of

2496-480: The development of the Philippine economy, parallel to the evolution of its currency. Complementary paintings from the BSP's art collection, together with chosen artifacts, enhance each gallery. A panoramic memorabilia of central banking in the Philippines, it showcases the strides made in bringing about price stability to sustain economic growth in the country. The exhibition hall also features portrait busts of previous governors. The Security Plant Complex, or SPC,

2560-467: The development of the statistical activities and programs of the government; Prepare, in consultation with the PSA Board, a Philippine Statistical Development Program (PSDP); Implement policies on statistical matters and coordination, as directed by the PSA Board, and; Perform other functions as may be assigned by the PSA Board and as may be necessary to carry out the purposes of RA 10625. The PSA Board

2624-437: The economy; Collect, compile, analyze, abstract and publish statistical information relating to the country's economic, social, demographic and general activities and condition of the people; Prepare and conduct statistical sample surveys on all aspects of socioeconomic life including agriculture, industry, trade, finance, prices and marketing information, income and expenditure, education, health, culture, and social situations for

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2688-414: The establishment of an independent monetary authority to be known as the " Bangko Sentral ng Pilipinas ", its primary objective being the maintenance of price stability. This objective was only implied in the old Central Bank charter. The law also gives the Bangko Sentral fiscal and administrative autonomy which the old Central Bank did not have. On July 3, 1993, the New Central Bank Act took effect. On

2752-798: The evening of September 26, 2012, a Wednesday, the BSP website was hacked by a group named Anonymous Philippine s in a protest against the recently passed Cybercrime Prevention Act of 2012 . The website was promptly restored in the early hours of the following day. On April 23, 2013, The Asian Banker named the BSP as the Best Macroeconomic Regulator in the Asia-Pacific Region for 2013 in The Asian Banker Leadership Achievement Awards in Jakarta , Indonesia. The BSP

2816-606: The following: The National Statistician acts as ex-officio Chairperson of the PSA Board Secretariat. The functions of the PSA Board are as follows: The PSA publishes a large variety of statistical reports, census data, and surveys largely related to the economy of the Philippines . For the complete list of PSA publications and CD products, refer to Philippine Statistics Authority List of Publications . Bangko Sentral ng Pilipinas The Bangko Sentral ng Pilipinas ( lit.   ' Central Bank of

2880-527: The government and the private sector, subject to appropriate authentication measures based on a biometric identification system. In addition, it aims to be a social and economic platform through which all transactions including public and private services can be availed of and shall serve as the link in the promotion of seamless service delivery, enhancing administrative governance, reducing corruption, strengthening financial inclusion and promoting ease of doing business. Information to be collected and stored under

2944-456: The maintenance of domestic and international monetary stability as the primary objective of the Central Bank. The Bank's authority was also expanded to include regulation of the nation's entire financial system just supervision of the banking system. In 1981, RA 265, as amended, was further improved to strengthen the financial system, among the changes was the increase in the capitalization of the Central Bank from ₱ 10 million to ₱10 billion. In

3008-532: The people of the Philippines , as well as enforcing the civil registration functions in the country. It is an attached agency of the National Economic and Development Authority (NEDA) for purposes of policy coordination. The PSA comprises the PSA Board and offices on sectoral statistics, censuses and technical coordination, civil registration, Philippine registry office, central support, and field statistical services. The National Statistician , who

3072-501: The place before the arrival of the Spaniards and the Tinguians were known to be peace loving people. Manabo is politically subdivided into 11 barangays, namely: Ayyeng, Catacdegan Nuevo, Catacdegan Viejo, Luzong, San Jose Norte, San Juan Norte, San Juan Sur, San Ramon East, San Ramon west and Santo Tomas. Manabo is located at 17°26′N 120°42′E  /  17.43°N 120.7°E  / 17.43; 120.7 . According to

3136-502: The planning, budgeting and implementation of government programs geared towards poverty alleviation and economic development. In addition, it merges the methodologies used in data collection activities of all national agencies, geo-tagging, and the CBMS implemented by local government units (LGUs). In addition, CBMS entails a census of households undertaken by the LGUs with the participation of

3200-472: The principal government agency for the efficient collection, processing, analysis, and dissemination of official statistics on agriculture and fisheries as inputs to policy and decisions towards a sustainable agricultural development. In the year 2000, the BAS structural organization was strengthened and reoriented pursuant to the relevant provisions of DA Administrative Order No. 6 series of 1998 in compliance with

3264-557: The production of official statistics, general-purpose statistics, and civil registration services. It shall primarily be responsible for all national censuses and surveys, sectoral statistics, consolidation of selected administrative recording systems and compilation of national accounts. The PSA has the following functions: Serve as the central statistical authority of the Philippine government on primary data collection; Prepare and conduct periodic censuses on population, housing, agriculture, fisheries, business, industry, and other sectors of

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3328-517: The promotion and  adoption of statistical standards involving techniques, methodologies, concepts, definitions, and classifications, and on the avoidance of duplication in the collection of statistical information; Conduct continuing methodological, analytical and development activities, in coordination with the PSRTI, to improve the conduct of censuses, surveys, and other data collection activities; Recommend executive and legislative measures to enhance

3392-607: The provisions of the Agriculture and Fisheries Modernization Act or RA 8435 of 1997. This law designated BAS as the central information source and server of the National Information Network (NIN) of the Department of Agriculture . It was also on January 30, 1987, when the Ministry of Labor and Employment was reorganized anew under Executive Order No. 126 and one of its provisions was the abolition of

3456-543: The provisions of the Civil Registry Law. The Philippine Statistics Authority was created by virtue of Republic Act No. 10625, otherwise known as the Philippine Statistical Act of 2013 , which was signed into law by President Benigno Simeon Aquino III on September 12, 2013. It mandated the reorganization of the PSS and created PSA from merging the four major statistical agencies engaged in primary data collection and compilation of secondary data, namely BAS, BLES, NSCB, and NSO. The Philippine Identification System (PhilSys)

3520-453: The said month of 2022, and on its headquarters in Manila and Security Plant Complex in Quezon City from 2012 to 2022. Within the main Manila complex of the BSP is the Museo ng Bangko Sentral ng Pilipinas (English: Museum of the Bangko Sentral ng Pilipinas). Inaugurated on January 3, 1999, as part of the golden jubilee of central banking in the country, the Museo showcases the BSP's collection of currencies. As repository and custodian of

3584-416: The use of the government and the public; Carry out, enforce and administer civil registration functions in the country as provided for in Act 3753, the Law on Registry of Civil Status; Collaborate with departments of the national government including GOCCs and their subsidiaries in the collection, compilation, maintenance and publication of statistical information, including special statistical data derived from

3648-410: Was 100 inhabitants per square kilometre (260/sq mi). Poverty incidence of Manabo Source: Philippine Statistics Authority Manabo, belonging to the lone congressional district of the province of Abra , is governed by a mayor designated as its local chief executive and by a municipal council as its legislative body in accordance with the Local Government Code. The mayor, vice mayor, and

3712-411: Was administered by the Department of Finance and the National Treasury, and the Philippine piso was on the exchange standard using the United States dollar , which was backed by 100 percent gold reserve , as the standard currency. As required by the Tydings–McDuffie Act , the National Assembly of the Philippines in 1939 passed a law establishing a central bank. As it was a monetary law, it required

3776-421: Was approved on August 19, 1940. It was then known as the Bureau of the Census and Statistics (BCS). It became the National Census and Statistics Office ( NCSO ) in 1974 until it was renamed to the National Statistics Office by Executive Order No. 121. It was responsible for collecting, compiling, classifying, producing, publishing, and disseminating general-purpose statistics and for carrying out and administering

3840-420: Was cited as a "good, strong, and fair-minded regulator." About a month later, the BSP was given the country award by the Child and Youth Finance International in its 2013 International Summit in Istanbul , Turkey, in recognition of its initiative to integrate financial literacy education into the Philippine elementary school curriculum. In 2019, President Rodrigo Duterte signed R.A. 11211, further increasing

3904-443: Was first adopted as the central bank's primary logo in November 20, 2020 with the design receiving endorsement by the National Historical Commission of the Philippines (NHCP). The circular symbol features a full-bodied gold-colored Philippine eagle based on actual photographs of the bird and three stars. The logo featuring a blue and white logo and a more stylized rendition of the eagle, used since June 18, 2010 (concurrently with

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3968-558: Was formally established on September 7, 1978, to safeguard the printing, minting, refining, issuance, distribution and durability of coins, banknotes , gold bars , government official receipts, lottery tickets, internal revenue stamps , passports , seaman identification record books, strip stamps , official documents, registration certificates, Torrens titles , treasury warrants , stocks and bonds , government contracts, ration coupons , official ballots , election return forms , checks and other security printing or minting jobs of

4032-627: Was restructured on January 30, 1987. The issuance of Executive Order 121 provided the basis for the structure of the decentralized PSS. The PSS consists of statistical organizations at all administrative levels, its personnel and the national statistical program. Specifically, the organizations composing the system included the following: The major statistical agencies in the PSS included the National Statistical Coordination Board (NSCB), National Statistics Office (NSO), Bureau of Agricultural Statistics (BAS), Bureau of Labor and Employment Statistics (BLES), Statistical Research and Training Center (SRTC), and

4096-412: Was signed by President Rodrigo Duterte . In 1900, the First Philippine Commission passed Act No. 52, which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, the Department of Finance , through the Bureau of Banking, took over bank supervision. By 1933, a group of Filipinos had conceptualized

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