BSP, Royal Canadian Mint Sign MOU on Currency Management

​The Bangko Sentral ng Pilipinas (BSP) and the Royal Canadian Mint (RCM) signed a memorandum of understanding (MOU) on cooperation in currency management and gold refining last 22 January 2025.

​BSP Governor Eli M. Remolona Jr. and RCM President and CEO Marie Lemay signed the MOU during an online ceremony, with Governor Remolona at the BSP head office in Manila and President Lemay at the RCM headquarters in Ottawa.
 
The five-year partnership aims to foster collaboration between BSP and RCM, focusing 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, and sharing best practices, expertise, and technical and capacity-building assistance.
 
BSP Deputy Governor Mamerto E. Tangonan and BSP Assistant Governor Mary Anne P. Lim also attended the virtual ceremony, along with BSP Acting General Counsel Asma A. Panda, BSP Director Erizelle N. Linaban and representatives from the Department of Foreign Affairs – Office of American Affairs (DOF), namely Assistant Secretary Jose Victor V. Chan-Gonzaga, Director Stephanie Alexis A. Cruz, and Principal Assistant Kristabel Anne C. Arcilla.
 
This MOU signing follows the BSP’s signing of agreements on payments and currency management with Banque de France on 23 October 2024 and with Bundesdruckerei GmbH on 10 October 2024.

The RCM is responsible for the minting and distribution of Canada’s circulation coins. Its expertise in coin production and innovation has served over 80 countries worldwide.
 
The Banque de France is the central bank of France and a banknote printer in the Eurosystem.
 
Bundesdruckerei GmbH is the German government banknotes printer.