Which central bank has issued the Philippine peso since the Bangko Sentral ng Pilipinas began operations?

Bangko Sentral ng Pilipinas has issued the Philippine peso since it began operations in 1993.

The BSP took over the monetary and banking functions of the Central Bank of the Philippines. Its legal foundation is Republic Act No. 7653, which reorganised the country’s central banking framework and gave the new institution a stronger mandate for price and financial stability.

The Philippine peso is divided into 100 centavos. BSP currency responsibilities include designing, producing, and maintaining the integrity of Philippine banknotes and coins, while monetary policy decisions influence interest rates and economic conditions.

The former Central Bank of the Philippines remains an important historical name, but it is not the current institution. This distinction matters because older references may identify it as the peso issuer, whereas modern Philippine currency is issued under BSP authority.