Philippines issue commemorative 50 peso
This news almost slipped by me: the Bangko Sentral ng Pilipinas (BSP: the Central Bank of the Philippines) has circulated 50 peso commemorative bills highlighting the golden anniversary of state deposit insurer Philippine Deposit Insurance Corporation (PDIC) and its customer philosophy, "Committed to Serve".
The PDIC is the government entity mandated to provide depositor protection and help maintain stability in the financial system. The BSP issues commemorative bills to observe significant events of national interest. The 50 peso commemorative bills aim to raise public awareness on the PDIC and deposit insurance.
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