BSP, Royal Canadian Mint ink MoU on currency management

It outlined key areas of cooperation including technology exchange.

The Bangko Sentral ng Pilipinas (BSP) and the Royal Canadian Mint (RCM) signed a memorandum of understanding (MOU) on currency management and gold refining on 22 January.

The five-year partnership will focus on sustainability practices, cost-effective currency production, gold processing operations, and commemorative coin production.

The MoU also outlines key areas of cooperation, including technology exchange, staff training and exchange, sharing best practices, and technical and capacity-building assistance.

It was signed by BSP Governor Eli M. Remolona Jr. and RCM President and CEO Marie Lemay during an online ceremony.