BSP wary of proposal to phase out large peso bills

2025 年 10 月 13 日 business, economy, politics

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) appeared wary of proposals to withdraw large-denomination peso bills from circulation as a supposed deterrent to corruption, with Governor Eli Remolona Jr. warning that such a move could do more harm than good. Speaking to reporters on Monday, Remolona said the idea, while still under discussion,