FILE PHOTO Bangko Sentral ng Pilipinas. (Philippine Daily Inquirer)
MANILA, Philippines — The Monetary Board (MB), which exercises the powers and functions of the Bangko Sentral ng Pilipinas (BSP), is taking in two new members. Malacañang on Saturday announced the appointment of National Treasurer Rosalia De Leon and economist Romeo Bernardo, filling in two of three vacant seats at the MB.
The central bank’s highest policymaking body recently shed three members whose terms have lapsed — MB chair and BSP Governor Felipe Medalla, Peter Favila, and Antonio Abacan Jr.
De Leon and Bernardo will join current MB chair and BSP Governor Eli Remolona Jr.; Benjamin Diokno, who occupies the mandatory government seat at the MB as finance secretary; V. Bruce Tolentino; and Anita Linda Aquino.
De Leon has been serving as National Treasurer or chief of the Bureau of the Treasury since the administration of former President Benigno Aquino III and also serves as finance undersecretary and also in charge of the finance department’s International Finance Group.
Bernardo served as finance undersecretary during the latter years of former President Corazon Aquino’s administration and most of the term of former President Fidel Ramos.