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With this good sign, the Monetary Board can finally focus on inflation targeting rather than foreign exchange rate management, Medalla said.
The post Medalla: ‘Worst is Over’ as PHP Rallies Back to 54.8, Strongest Since June 2022 appeared first on BitPinas.
According to BSP Gov. Medalla, Project CBDH aims to allow any Southeast Asian native in the country to make wholesale transactions.
The post For Wholesale Transactions Only: BSP Confirms Continuation of Pilot Test of Country’s Own Central Bank Digital Currency appeared first on BitPinas.
The BSP Governor reiterates his stance on cryptocurrencies amid decreasing prices because of the collapse of FTX.
The post BSP Governor Medalla Reiterates: Crypto is Risky appeared first on BitPinas.
The country's inflation rate rose to 7.7% year-on-year in October from 6.9% in September, the highest since 2018. BSP Governor Medalla revealed.
The post Highest Since 2018: PH Inflation Rate Surges to 7.7% in October appeared first on BitPinas.
In a report from Reuters, Medalla said it will not be “the end of the world” if the Philippine Peso hits 61 versus the dollar.
The post BSP – Not End of the World if Peso Hits 61 to a Dollar appeared first on BitPinas.
The BSP said that it appreciates the offer of the banking industry in supporting the government's economic and digitalization efforts.
The post BSP Recognizes Banking Industry Efforts In Supporting Economic Growth, Digitalization appeared first on BitPinas.
The central bank's Monetary Board approved the Regulatory Sandbox, or Test and Learn Framework, that will run for 12 months.
The post BSP Gives Banks Go Signal to Test Tech-Based Offers appeared first on BitPinas.
The BSP wants to better track and monitor blockchain and crypto companies according to Asian Development Bank.
The post BSP Wants Better Surveillance of Blockchain and Crypto Companies – ADB Report appeared first on BitPinas.
It might be two to three years before the BSP starts processing digital banks again.
The post BSP Unlikely to Approve More Digital Banks in Near Future – Incoming BSP Governor appeared first on BitPinas.
According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the [...]
The post Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency appeared first on Crypto Breaking News.
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