At the least, we need a common exchange rate mechanism “in which every country, bar none, agrees to shoulder its responsibility and to enter into a commitment with the other countries regarding its currency’s external value; and in which the exchange rate is determined by the interaction between the market and economic policy”. This would provide the foundations for a genuine international monetary order.
The BSP has also created an internal technical working group to proactively address cybersecurity concerns on financial transactions and data privacy of their clients. The BSP has also created an internal technical working group to proactively address cybersecurity concerns on financial transactions and consumer complaints.