The Bangko
Sentral ng Pilipinas (BSP) is the central bank of the Republic of the
Philippines. Its main
primary objective is maintain price stability conducive to balanced and
sustainable economic growth. The BSP also aims to promote and preserve monetary
stability and the convertibility of the national currency.The BSP provides policy directions in
the areas of money, banking and credit. It supervises operations of banks and
exercises regulatory powers over non-bank financial institutions with
quasi-banking functions.