BSP Media is crucial in bringing banks closer to the people photo Euromoney
Finance

BSP: Media is crucial in bringing banks closer to the people

Oct 18, 2021, 6:07 AM
Rose De La Cruz

Rose De La Cruz

Columnist

Bangko Sentral ng Pilipinas Governor Benjamin Diokno emphasized the crucial role media plays in making people realize the importance of savings and availing of banking services and in bringing the Bangko Sentral closer to the people.

Media has a crucial role in financial inclusion and highlighting the importance of banking for the common tao, Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno recently stressed.

During a speech at the conclusion of media lectures for the Northern Luzon press, Diokno said the central bank is counting on the media to “bring the BSP closer to the people.”

“As our allies in this pursuit, we cannot overemphasize the crucial role of the media in our economic recovery and development plan,” he added.

The two-day virtual learning session tackled economic updates in North Luzon and the rest of the country, the recent developments and trends in the digital payments space; proper handling of Philippine currencies, and BSP’s gold operations.

Diokno underscored that in the time of a public health crisis, the media is a source of critical information.

“Through media, government can get a clear picture of what is happening on the ground, enabling the development of sound economic policies,” Diokno stated.

Beyond day-to-day economic and business reportage, Diokno urged members of the media to help put context to these statistics and explain how they translate into a better quality of life for Filipinos.

“As we make our way towards a technologically-driven, inclusive, and sustainable post-COVID-19 economy, let us work together in bringing the BSP closer to the people we both serve – the Filipino people,” Diokno stressed.

Tags: #BangkoSentralNgPilipinas, #savings, #bankingandfinance, #financialliteracy, #media


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