Description
Objective/Brief Description. This course will cover an overview of the legal framework on the power of the BSP to solely issue currency, the legal tender power and other legal anchor of BSP’s related powers. The course likewise offers a discussion on the distinction between a fiat currency and electronic money and digital currency or asset.. To give the participants to gain a deeper knowledge on Philippine currencies, the resource speaker will give a comprehensive lecture on the design and features of the New Generation Currency (NGC) banknotes and Coins, including the Polymer Series of the NGC banknotes. At the end of course, the participants are expected to learn vital knowledge on the subject matter direct from the experts from BSP – the sole issuer of currency in the country.
Mode of Instruction: This will be a combination of lecture and practical exercises. The participants are expected to have with them the complete series of the New Generation Currency and the full set of the recently issued Polymer Notes, as well as a magnifying glass.
Course Outline:
- Legal Framework on BSP’s Power to Issue Currency
- Exclusive Issue Power
- Legal Tender Power
- Printing of Notes and Minting of Coins
- Fiat Currency Electronic Money and digital asset/currency
- Cross border movements of currencies
- Sanctions for violations
- The Philippine Banknotes
- New Generation Currency (NGC) and Enhanced NGC Banknote Series
- Philippine Polymer Banknote Series (P1000, P500, P100 and P50)
- Design and Security Features
- Accessibility Features
- Practical Exercises on Counterfeit Detection
- The Philippine Coins
- BSP Coins Series
- New Generation Currency (NGC) Coin Series
- Design and Security Features
- Practical Exercises on Counterfeit Detection
- Proper Currency Handling
- Fit, Unfit and Mutilated Currency
- Redemption Requirements
- Practical Exercises on Redemption Value
- Currency Handling Tips
- Relevant Laws and Regulations
Subject Matter Experts:
ATTY. ELMORE O. CAPULE
Deputy Governor – Corporate Services Sector
(Former Senior Assistant Governor and General Counsel)
Bangko Sentral ng Pilipinas
MS. AILEEN G. MANANSALA
Acting Bank Officer V
Currency Policy and Integrity Department
Bangko Sentral ng Pilipinas
TARGET PARTICIPANTS:
- Members of the Board of Directors and Senior Management
- Chief Risk Officers and Staff of Risk Management Offices
- Chief Finance Officers/Chief Comptrollers
- Credit Risk Officers and Staff
- Branch Banking Sector Heads and Regional/Branch Heads and Branch Personnel
- Compliance Officers and Staff of Compliance Office
- Chief Legal Officers and Lawyers
- Internal Auditors, Officers and Staff of Internal Audit Offices
- Accounting Heads and Officers, Officers and Staff of Accounting Offices
- Credit and Lending Officers and/or Relationship Managers
- Officers and Employees of Anti- Money Laundering Compliance Units/Offices
- Officers/Personnel from Consumer Protection Assistance Department/Unit
- Officers and Staff involved in managing Fraud Management System
SCHEDULE:
February 19, 2025 (Wednesday) 9:00 AM – 3:00 PM
Training Fee Per Participant:
Member Institution – Php 3,920.00
Non-Member Institution – Php 5,040.00
*VAT inclusive