Manila: 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. The award was announced on March 20, 2025, with the official ceremony held on June 11, 2025.
According to Philippines News Agency, Central Banking provides information, analysis, and training to over 140 central banks and their partners worldwide. The BSP received the award in recognition of its efforts to ensure a sufficient supply of highly trusted banknotes for the country's growing economy. Central Banking also highlighted the BSP's initiative to introduce the polymer banknote series.
The BSP's agreements with Banque de France and Bundesdruckerei, Germany's state-owned banknote producer, were also cited. These arrangements, signed in November and October 2024, cover payments and currency management, security, and production. Assistant Governor Mary Anne Lim accepted the award on behalf of the BSP.
Lim emphasized the importance of collaboration with fellow central banks and government-owned printworks in making the BSP's currency management robust and resilient. The ongoing collaboration with Note Printing Australia, a subsidiary of the Reserve Bank of Australia, was recognized for the production of the Philippines' first polymer banknotes.
BSP Governor Eli Remolona Jr. reiterated the significance of banknotes in the developing economy, emphasizing the commitment to ensuring that the public has access to and confidence in the currency.
