2009 Central Banking in the Philippines Medal

NP ID : MB 1009
Category : Founding Anniversary
Type : BSP Minted
Year : 2009
Title : 2009 Central Banking in the Philippines
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Mint : BSP Mint
Shape : Round
Edge : Milled
Weight : 16 gm
Diameter : 33 mm
Thickness : 2.65 mm
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Material : Nickel Brass
Metallic Composition : 64% Copper, 12% Nickel, 24% Zinc
Orientation : Medallic Orientation
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Obverse : Central Banking in the Philippines
Reverse : Old and New Logo of BSP
Note : In 2009, we celebrate 60 years of central banking in the Philippines. As a function directly linked with the development of our economy and our nation, we mark this significant milestone with the issuance of this commemorative coin set.

Central banking in the Philippines traces its roots to 3 January 1949 when the Central Bank of the Philippines opened for business, following the passage of Republic Act 265. After 44 years, CBP gave way to the Bangko Sentral ng Pilipinas, an independent central monetary authority, which opened for business on 3 July 3 1993 under Republic Act 7653. The mandate for Congress to create an independent central monetary authority that gave birth to the Bangko Sentral ng Pilipinas emanated from The 1987 Philippine Constitution.
Remarks : Part of 2009 Central Banking in the Philippines Coin Set
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