BusinessWorld E-paper
February 07, 2022
THE Bangko Sentral ng Pilipinas (BSP) is unlikely to issue its own central bank digital currency (CBDC) in the near term, according to BSP Governor Benjamin E. Diokno.
“The BSP has no plans to introduce a CBDC in the near term primarily because the population remains heavily cash reliant given the country’s efficient and effective payment and settlement systems,” Mr. Diokno told Global Source Partners in a report.
