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BUSINESS STUDENTS ATTEND FOREIGN EXCHANGE RATE SEMINAR AT BSP- LUCENA

Article/News by: Babe Aubrey B. Gabule
Date Posted: July 13, 2017
In line with their 24th anniversary, the Bangko Sentral ng Pilipinas Lucena Branch held a Seminar on Foreign Exchange Rate at Multi-Purpose Hall last July 6, 2017. Students and faculty members from different schools and companies such as, Manuel S. Enverga University Foundation, Interglobal College Foundation Inc., Maryhill College, Radyo Pilipinas, Metrobank, Southern Luzon State University of Tiaong and Lucban Chapter, and Sacred Heart College were invited.

The College of Business Administration (CBA) personnel; Mrs. Anna Liza Mendiola, Mrs. Marilyn Iglesias, Mr. Sherwin Diala, including twenty two CBA students headed by Dean Arnel L. Cadeliña attended the aforementioned seminar.

The program started with an opening prayer by Ms. Karel Saskia B. Odiver, Research Specialist of Economic and Financial Learning Center, followed by the opening remarks of the Deputy Director of BSP Lucena, Atty. Tomas J. Cariño, Jr., wherein he acknowledged the presence of the participants and given them basic information about the BSP.

After the message of Mr. Cariño, the master of the ceremony has introduced the speaker, Dr. Joselito R. Basilio, Bank Officer V from the Department of Economic Research of the BSP Main Branch. Dr. Basilio has shared a lot of information about the topic including the important episodes of exchange rate movements, where does its importance lie and how it is determined, the difference of fixed and floating exchange rate, and the Bangko Sentral ng Pilipinas’ monetary and exchange rate policy, its tools, and its history. He also discussed the interrelationship of exchange rate with the internal and external factors of the economy, the multiple types of crisis and the BSP’s response to these circumstances, and explained why does exchange rate change all the time. He emphasized the importance of balance between supply and demand of currencies to maintain the stability of the economy.

Before the end of the event, Atty. Tomas J. Cariño, Jr. and Ms. Cyrill B. Molina had given the token of appreciation to the invited speaker, Dr. Joselito R. Basilio, for giving his knowledge to the participants about the Foreign Exchange Rate.

The program ended at twelve noon with a message from Ms. Cyrill B. Molina, Manager of BSP Lucena Branch, and the distribution of foods for the participants.

Ms. Karel Saskia B. Odiver, Research Specialist of Economic and Financial Learning Center was the Master of the Ceremony.




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