BSP releases new PH peso bills with signature of new BSP Chief Diokno

As part of the 70th anniversary of Bangko Sentral ng Pilipinas (BSP) released the first set of Philippine peso bills where the signature of the new BSP Governor Benjamin Diokno is imprinted.
According to an interview with reporters, Diokno said peso bills that has his signature would be released and circulated in about 3 months.

The 20-peso, 50-peso, 100-peso, 200-peso, 500-peso and 1,000-peso banknotes with the BSP governor's name and signature are the freshest set of peso bills printed under the currently circulated New Generation Currency series.

Currently, the BSP is circulating the new generation currency banknotes which was launched in 2010 to substitute the new design series bills which were introduced in 1985.

Diokno was announced to take post of deceased Nestor Espenilla Jr, who passed away last February 23 after battling tongue cancer for more than one year. He was appointed as the 5th head of the central bank last March 4.

According to a Philstar article, BSP Chief Diokno said in his first media briefing that the slowing inflation in the Philippines would give the central bank the opportunity to ease monetary policy.

The new Chief also hinted that the central bank may cut the reserve requirement ratio by one percentage point over the next four quarters amid the steady downtrend inflation. The BSP also decided to keep interest rates steady due to the slowing down in inflation which is now expected to ease back to BSP’s 2-4% target for 2019 and 2020.

Diokno expressed his intent to continue reforms initiated by his predecessors. He said the central bank would put more emphasis on fighting cyber threats and attacks