erode public confidence in the pos system. we therefore enjoin our atm consortia, as well as other financial institutions, to adopt appropriate measures and controls to mitigate such risks. one of your priorities should be an information campaign to ensure that customers are properly informed on how they can perform pos transactions safely and securely, as well as the possible risks involved. customers must also be informed about all applicable fees associated with the use of other networks ’ pos terminals, in accordance with existing bsp regulations on e - money and consumer protection. on our part, we at the bangko sentral will continue to create a policy and regulatory environment that will enable innovations to flourish while ensuring that appropriate controls and safeguards are in place. ladies and gentlemen. changes in our financial landscape and innovations in technology represent both challenge and opportunity for all of us. i believe however that if we remain united by our common goal to provide better service to filipino consumers, we will find the way forward. while we have our respective roles to play, we should find ultimate convergence in working for a better, stronger, and more inclusive banking system ; a banking system that supports balanced and sustainable growth for our country and our people. and so, once again, i congratulate bancnet, expressnet and megalink for proving, once again, that public service is alive and well in the banking sector. mabuhay! maraming salamat sa inyong lahat!

amando m tetangco, jr : layon – money as vision of a nation speech by mr amando m tetangco, jr, governor of the central bank of the philippines ( bangko sentral ng pilipinas ), at the opening of the layon exhibit at the bsp money museum, manila, 3 july 2007. * * * monetary board members, officers and directors of the philippine numismatic and antiquarian society, mr. and mrs. angel cacnio, mrs. fely asuncion and other members of the asuncion family, fellow central bankers, ladies and gentlemen, good morning. the 14th anniversary of bsp finds us celebrating on several fronts – we have new facilities, an exciting exhibit at our main building lobby, and the grant of support for various social projects. another cause for celebration is the “ coming home, ” so to speak, of the designs for philippine currency that were proposed in the 1940s to the 1950s. these never reached philippine shores, had never been in private hands, and were seen by the public only for the first time when these were included in the catalogue of the american auction house h. r. harmer. interestingly enough, it was dr. benito legarda, the central bank official who started the money museum, who called our attention to the auction. i therefore ask all of you to join me in acknowledging dr. legarda by giving him a round of applause. while dr. legarda cannot join us today, we are assured he is celebrating this moment with us as well. dr. legarda retired from the central bank more than two decades ago, but the central bank remains close to his heart. as they say, once a central banker, always a central banker. the monetary board was quick to realize the significance of these pieces in the history of the bsp and indeed, of our country, and readily approved our participation in the auction. i therefore ask all of you to join me in thanking the members of the monetary board here with us today by giving them a round of applause. canadian numismatist douglas andrews describes the pieces as “ stunning in their use of proposed color schemes, vignettes, and different designs, many of which look contemporary even by present standards. ” he considers the bound volume containing an assortment of 3, 500 different trial and proof notes from the late nineteen - forties and early fifties as the largest single offering of color proof notes