BSP rejects anew P1K, P500 demonetization
Remolona, who also chairs the Anti-Money Laundering Council, pointed to international case studies to illustrate the risks of such a policy.
· 2 min read
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Remolona, who also chairs the Anti-Money Laundering Council, pointed to international case studies to illustrate the risks of such a policy.
· 2 min read
Demonetizing P500 and P1,000 bills to curb corruption remains off the table, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr.
· 2 min read
The European Union progressively withdrew the €500 note after authorities found it disproportionately used in money laundering and organized crime.
· 3 min read
The proposal was originally raised by former Finance Secretary Cesar Purisima, who suggested withdrawing high-denomination bills from circulation following the…
· 2 min read