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Central Bank Of The Philippines
The Bangko Sentral ng Pilipinas (; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on January 3, 1949, and then re-established on July 3, 1993 pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New Central Bank Act of 2019. The principal author was Senator Franklin Drilon. It was signed by President Rodrigo Duterte. History American era and World War II In 1900, the First Philippine Commission passed Act No. 52, which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, the Department of Finance, through the Bureau of Banking, took over bank supervision. By 1933, a group of Filipinos had conceptualized a central bank for the Philippine Islands. It came up with the rudiments of a bill for the establishment of a central bank after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sui Generis
( , ) is a Latin phrase that means "of its/their own kind" or "in a class by itself", therefore "unique". It denotes an exclusion to the larger system an object is in relation to. Several disciplines use the term to refer to unique entities. These include: * Biology, for species that do not fit into a genus that includes other species (its own genus) * Creative arts, for artistic works that go beyond conventional genre boundaries (its own genre) * Law, when a special and unique interpretation of a case or authority is necessary (its own special case) ** Intellectual property rights, for types of works not falling under general copyright law but protected through separate statutes and laws of war, for types of actions that are argued to be legal due to exceptional circumstances in conflict * Philosophy, to indicate an idea, an entity, or a reality that cannot be reduced to a lower concept or included in a higher concept (its own category) Biology In the taxonomical structu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hare–Hawes–Cutting Act
The Hare–Hawes–Cutting Act passed to authors Congress Butler B. Hare, Senator Harry B. Hawes and Senator Bronson M. Cutting. (ch. 11, , enacted January 17, 1933) The Hare–Hawes–Cutting Act was the first US law passed setting a process and a date for the Philippines to gain independence from the United States. It was the result of the OsRox Mission led by Sergio Osmeña and Manuel Roxas. The law promised Philippine independence after 10 years but reserved several military and naval bases for the United States, as well as imposed tariffs and quotas on Philippine imports. History In November 1931, Senate President Manuel L. Quezon made a report to the Philippine Legislature. The report included Quezon's three proposals to Washington regarding Philippine Independence: Firstly, he proposed absolute and complete independence of the Philippines from the United States. Alternatively, he proposed the establishment of an autonomous government for ten years with safeguards to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japanese Occupation Of The Philippines
The Japanese occupation of the Philippines (Filipino language, Filipino: ''Pananakop ng mga Hapones sa Pilipinas''; ) occurred between 1942 and 1945, when the Empire of Japan, Japanese Empire occupied the Commonwealth of the Philippines during World War II. The Battle of the Philippines (1941–42), invasion of the Philippines started on 8 December 1941, ten hours after the attack on Pearl Harbor. As at Pearl Harbor, American aircraft were severely damaged in the initial Japanese attack. Lacking air cover, the American Asiatic Fleet in the Philippines withdrew to Java on 12 December 1941. General Douglas MacArthur Douglas MacArthur's escape from the Philippines, was ordered out, leaving his men at Corregidor on the night of 11 March 1942 for Australia, 4,000 km away. The 76,000 starving and sick American and Filipino defenders in Bataan surrendered on 9 April 1942, and were forced to endure the infamous Bataan Death March on which 7,000–10,000 died or were murdered. The 13,000 s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Assembly Of The Philippines
The National Assembly of the Philippines (, ) refers to the legislature of the Commonwealth of the Philippines from 1935 to 1941, and of the Second Philippine Republic during the Japanese occupation. The National Assembly of the Commonwealth was created under the Philippine Commonwealth Constitution, 1935 Constitution, which served as the Philippines' Constitution, fundamental law to prepare it for its independence from the United States of America. The National Assembly during the Japanese occupation of the Philippines during the Second World War in the Pacific War, Pacific was created by the 1943 Constitution of the Philippines, 1943 Constitution. With the invasion of the Philippines, the Commonwealth government had gone into Government in exile of the Commonwealth of the Philippines, exile to the United States. It left behind a skeletal bureaucracy whose officials formed a government under the Japanese Imperial Army. In an attempt to win the loyalty of Filipino people, Filip ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Reserve
A gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency. The World Gold Council estimates that all the gold ever mined, and that is accounted for, totalled 190,040 metric tons in 2019How much gold has been mined? ", World Gold Council but other independent estimates vary by as much as 20%. At the price of $40 per gram reached on 16 August 2017, one metric ton of gold has a value of approximately $40.2 million. The total value of all gold ever mined, and that is accounted for, would exceed $7.5 trillion at that valuation and using WGC 2017 esti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish dollar, Spanish silver dollar, divided it into 100 cent (currency), cents, and authorized the Mint (facility), minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallism, bimetallic standard of (0.7734375 troy ounces) fine silver or, from Coinage Act of 1834, 1834, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important intern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Stability
Price stability is a goal of monetary and fiscal policy aiming to support sustainable rates of economic activity. Policy is set to maintain a very low rate of inflation or deflation. For example, the European Central Bank (ECB) describes price stability as a year-on-year increase in the Harmonised Index of Consumer Prices (HICP) for the Euro area of below 2%. However, by referring to "an increase in the HICP of below 2%" the ECB makes clear that not only persistent inflation above 2% but also deflation (i.e. a persistent decrease of the general price level) are inconsistent with the goal of price stability. In the United States, the Federal Reserve Act (as amended in 1977) directs the Federal Reserve to pursue policies promoting "maximum employment, stable prices, and moderate long-term interest rates". The Fed long ago determined that the best way to meet those mandates is to target a rate of inflation of around 2%; in 2011 it officially adopted a 2% annual increase in the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Of The Philippines
The Commonwealth of the Philippines (; ) was an Territories of the United States, unincorporated territory and Commonwealth (U.S. insular area), commonwealth of the United States that existed from 1935 to 1946. It was established following the Tydings–McDuffie Act to replace the Insular Government of the Philippine Islands. and was designed as a transitional administration in preparation for full Philippine independence. Its foreign affairs remained managed by the United States. During its more than a decade of existence, the Commonwealth had a strong executive (government), executive and a supreme court. Its legislature, dominated by the Nacionalista Party, was at first unicameral but later bicameral. In 1937, the government selected Tagalog language, Tagalogthe language of Manila and its surrounding provincesas the basis of the Filipino language, national language, although it would be many years before its usage became general. Women's suffrage was adopted, and the Economy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tydings–McDuffie Act
The Philippine Independence Act, or Tydings–McDuffie Act (), is an Act of Congress that established the process for the Philippines, then a US territory, to become an independent country after a ten-year transition period. Under the act, the 1935 Constitution of the Philippines was written and the Commonwealth of the Philippines was established, with the first directly elected president of the Philippines. (Direct elections to the Philippine Legislature had been held since 1907.) It also established limitations on Filipino immigration to the United States. The act was authored in the 73rd United States Congress by Senator Millard E. Tydings ( Dem.) of Maryland and Representative John McDuffie ( Dem.) of Alabama, and signed into law by President Franklin D. Roosevelt. Provisions The Tydings–McDuffie Act specified a procedural framework for the drafting of a constitution for the government of the Commonwealth of the Philippines within two years of its enactment. The ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franklin D
Franklin may refer to: People and characters * Franklin (given name), including list of people and characters with the name * Franklin (surname), including list of people and characters with the name * Franklin (class), a member of a historical English social class Places * Franklin (crater), a lunar impact crater * Franklin County (other), in a number of countries * Mount Franklin (other), including Franklin Mountain Australia * Franklin, Tasmania, a township * Division of Franklin, federal electoral division in Tasmania * Division of Franklin (state), state electoral division in Tasmania * Franklin, Australian Capital Territory, a suburb in the Canberra district of Gungahlin * Franklin River, river of Tasmania * Franklin Sound, waterway of Tasmania Canada * District of Franklin, a former district of the Northwest Territories * Franklin, Quebec, a municipality in the Montérégie region * Rural Municipality of Franklin, Manitoba * Franklin, Manitoba, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of The United States
The president of the United States (POTUS) is the head of state and head of government of the United States. The president directs the Federal government of the United States#Executive branch, executive branch of the Federal government of the United States, federal government and is the Powers of the president of the United States#Commander-in-chief, commander-in-chief of the United States Armed Forces. The power of the presidency has grown since the first president, George Washington, took office in 1789. While presidential power has ebbed and flowed over time, the presidency has played an increasing role in American political life since the beginning of the 20th century, carrying over into the 21st century with some expansions during the presidencies of Presidency of Franklin D. Roosevelt, Franklin D. Roosevelt and Presidency of George W. Bush, George W. Bush. In modern times, the president is one of the world's most powerful political figures and the leader of the world's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
