THE

GOVERNOR
The Governor, Power
and Duties of the
Governor
 Why is the role of
Bangko Sentral
governor important?
1. It is beyond politics.
2. He chairs the powerful
Monetary Board.
3. He has a direct impact on the
value of our money and how
affordable goods or services
are.
4. He is in charge of ensuring the
health of the financial system.
5. The BSP is key in ensuring the
economic growth benefits all.
What the BSP governor
can do?
Article 3 of Republic Act 7653,
also known as the New
Central Bank Act, outlines the
duties and powers of the BSP
governor. These include:

Leadership – The governor has

the duty to render opinions,
decisions, or rulings on matters
that relate to carrying out the
functions of the central bank,
which are final unless revised
by the Monetary Board.
● Agenda setting – The governor
prepares the agenda for meetings
of the Monetary Board and
submits to the board plans and
actions necessary to carry out the
purposes of the BSP.
● Execution and administration –
Policies and measures approved by
the Monetary Board are executed
and administered by the BSP
governor.
Overseeing the BSP's operations – The
BSP governor may also delegate tasks
and responsibilities to other full-time
members of the Monetary Board.
Salary affixation of BSP personnel – In
line with plans approved by the Monetary
Board, the governor is responsible for
determining the salary of personnel
below the rank of a department head and
may impose disciplinary measures on
BSP personnel. However, removal of
employees will need the approval of the
Monetary Board.
Official appointment – Not more than
3 deputy governors can be appointed
by the governor. The deputy governor
acts as the chief executive of the BSP
in the absence of the governor.
The BSP governor is also the
principal representative of the
Monetary Board. In line with
this role, his or her
responsibilities include:
• Official representation – The
governor holds the power to
officially represent the
Monetary Board and the BSP in
dealing with outside parties,
whether foreign or domestic.
The governor also has the
power to represent the BSP
personally or through counsel
in any legal proceedings and
studies.
• Official signatory – The governor is
the official signatory to all contracts,
notes, securities, reports, balance
sheets, profit and loss statements,
correspondence, and other
documents of the BSP. When
appropriate, an exact copy of the
BSP governor's signature may be
used.
The BSP governor may also
delegate these powers to other officers
when necessary.
What the BSP governor
cannot do?
 While in office, the BSP governor
and other full-time board members
cannot accept positions or other
employment, whether public or
private, outside their direct positions
at the BSP.
However, exceptions are possible
for positions in charity, civic, cultural,
or religious organizations.
 Group Members:

Barce, Christopher
Bigata, Mia Shielet
Cisneros, Jessa
Dapoc, Phobe Inna
De Castro, Myla
De Chavez, Angel May
De Villa, Byron