Governor of the Bangko Sentral ng Pilipinas | |
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Tagapangasiwa ng Bangko Sentral ng Pilipinas | |
Member of | The Monetary Board Anti-Money Laundering Council |
Seat | BSP Complex, Roxas Boulevard, Manila, Philippines |
Appointer | The President with the consent of the Commission on Appointments |
Term length | Six years renewable once |
Constituting instrument | The BSP Charter The New Central Bank Act (RA11211 ) |
Inaugural holder | Miguel Cuaderno Sr. (as Governor of the Central Bank) Gabriel Singson (as Governor of the Bangko Sentral) |
Formation | January 3, 1949 (Central Bank) July 3, 1993 (Bangko Sentral) |
Website | bsp.gov.ph |
The Governor of the Bangko Sentral ng Pilipinas (Filipino: Tagapangasiwa ng Bangko Sentral ng Pilipinas or simply Tagapangasiwa ng Bangko Sentral [lower-alpha 1] ) is the chief executive officer of the Bangko Sentral ng Pilipinas, the Philippines' central bank. This position succeeds and replaces the earlier post of Governor of the Central Bank of the Philippines.
On June 23, 2023, President Bongbong Marcos appointed Eli M. Remolona, Jr. as the seventh Governor of the Bangko Sentral ng Pilipinas, replacing Felipe Medalla. [1] Medalla had shared a six-year term with Benjamin Diokno, who was subsequently appointed as Secretary of Finance. [2] and Nestor Espenilla, Jr., who died while in office. [3]
He also serves as the chairman and principal representative of the Monetary Board; chairman of Anti-Money Laundering Council and Philippine International Convention Center; vice-chairman of the Governing Council of Agriculture Credit Policy Council; member of the Capital Market Development Council, Export Development Council, PhilExport board of trustees, and Philippine Export-Import Credit Agency; and director of Philippine Deposit Insurance Corporation, National Development Council, and National Home Mortgage Finance Corporation. [4]
His powers and duties as the chief executive officer of the Bangko Sentral shall be to:
In capacity as the principal representative of Bangko Sentral and the Monetary Board and in accordance with the instructions of the Monetary Board, he shall be empowered to:
*Died in office
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The Bangko Sentral ng Pilipinas is the central bank of the Philippines. It was 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 was signed by President Rodrigo Duterte.
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