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The Bangko Sentral ng Pilipinas, the central bank of the Philippines, is established.
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Bangko Sentral ng Pilipinas
Central bank of the Philippines
The Bangko Sentral ng Pilipinas is the central bank of the Philippines. It was established on January 3, 1949, and then re-established on July 3, 1993 pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New…Source: Wikipedia (CC BY-SA)
Central bank
Government body that manages currency and monetary policy
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Many central banks also…Source: Wikipedia (CC BY-SA)
Philippines
Country in Southeast Asia
The Philippines, officially the Republic of the Philippines, is an archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of 7,641 islands, with a total area of roughly 300,000 square kilometers, which are broadly categorized in three main…Source: Wikipedia (CC BY-SA)
January 3
Day of the year
January 3 is the third day of the year in the Gregorian calendar; 362 days remain until the end of the year.Source: Wikipedia (CC BY-SA)