BSP okays transfer of currency production facility to New Clark City

September 15, 2019

THE Bangko Sentral ng Pilipinas (BSP) has signed a memorandum of understanding (MOU) with the Bases Conversion and Development Authority (BCDA) for the  transfer its Currency Production Facility to New Clark City (NCC) in Capas, Tarlac.

Under the MOU signed by BSP Governor Benjamin E. Diokno and BCDA President and CEO Vivencio B. Dizon, the two government agencies committed to  establish a new production facility on a 29.22-hectare parcel of land within the National Government Administrative Center (NGAC).

“As you well know, the existing Security Plant Complex, which houses the bank’s currency production operations is located on a seven-hectare plot of land along East Avenue in Quezon City. After 40 years of service, it is now ripe for a comprehensive upgrade that will ensure that BSP remains at the cutting-edge of currency production and security printing technologies,” Diokno said.

The governor noted that BSP follows a very stringent criteria in selecting sites for its facilities and NCC is the only one that met its requirements.

“These standards, which encompass everything from lot configuration, site conditions, to infrastructural support, are intended to ensure that the BSP’s operations are optimally located,” he explained.

“We will be exerting all efforts to complete the development within the shortest time frame possible at the highest level of quality and workmanship.

“Consistent with the spirit of NCC, the concept envisions a facility that will serve as a leading benchmark for a smart, green, modern complex, not just within the country, but on the global scale as well,” he added.

Diokno said the BSP wants am industrial facility that will offer state-of-the-art technologies to foster high-yield production systems, efficient workflows, while maintaining a low energy footprint.