Monetary policy managed by a professional Central Bank.
In June 1948, President Elpidio Quirino established the Central Bank of the Philippines. (RA 265, the Central Bank Act of 1948)
In 1948, annual tax revenue was 329 million pesos. By the end of PEQ’s term, it had increased to 655 million pesos, leading to the first budget surplus since 1946.
Philippines-Korea Technological and Cooperation Center
(PKTCC), Philippine-Korea Friendship Center,
Bayani Road, Fort Bonifacio,
1634 Taguig City