What is the difference of central bank and bangko sentral?

Question

What is the difference of central bank and bangko sentral?

Answer 1

Its the same place. Central bank is the english word and Bangko Sentral is a Tagalog word.

Answer 2

the same just english and tagalog word

Answer 3

same thing; diffrent spelling n diffrent language

Answer 4

The language used! LOL

Seriously, they are the same, central bank is the English equivalent of bangko sentral which is in Filipino language.

Answer 5

Nothing! They're one and the same!

"Bangko Sentral" is the Tagalog for "Central Bank".

Answer 6

A central bank, reserve bank, or monetary authority is the entity responsible for the monetary policy of a country or of a group of member states. Its primary responsibility is to maintain the stability of the national currency and money supply, but more active duties include controlling subsidized-loan interest rates, and acting as a "bailout" lender of last resort to the banking sector during times of financial crisis (private banks often being integral to the national financial system). It may also have supervisory powers, to ensure that banks and other financial institutions do not behave recklessly or fraudulently.

Most richer countries today have an "independent" central bank, that is, one which operates under rules designed to prevent political interference.

The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines. It was rechartered on July 3, 1993, pursuant to the provisions of the 1987 Philippine Constitution and the New Central Bank Act of 1993. The BSP was established on January 3, 1949, as the country’s central monetary authority

Answer 7

There is no difference. They are the one and the same entity, which is the so-called "government bank" or the the "bank of all banks" in the Philippines.

However, the official name of the government bank is Bangko Sentral ng Pilipinas (BSP). That is what is stated in the charter creating it. But some people refer to it as the Central Bank.

Answer 8

SAME BANK.