{"id":12041,"date":"2025-02-25T00:02:00","date_gmt":"2025-02-24T16:02:00","guid":{"rendered":"https:\/\/journaldailynewsonline.com.ph\/?p=12041"},"modified":"2025-02-24T21:30:30","modified_gmt":"2025-02-24T13:30:30","slug":"pbbm-has-no-hand-in-gold-sales-by-bsp-usec-castro","status":"publish","type":"post","link":"https:\/\/journaldailynewsonline.com.ph\/index.php\/2025\/02\/25\/pbbm-has-no-hand-in-gold-sales-by-bsp-usec-castro\/","title":{"rendered":"PBBM HAS NO HAND IN GOLD SALES BY BSP &#8211; USEC CASTRO"},"content":{"rendered":"<p><!-- wp:paragraph --><\/p>\n<p><strong>PRESIDENTIAL Communications Office (PCO) Undersecretary Claire Castro dismissed on Monday claims by former president Rodrigo R. Duterte that President Ferdinand R. Marcos Jr. had a hand in the Bangko Sentral ng Pilipinas (BSP) sale of gold reserves, describing them as \u201ccampaign joke.\u201d<\/strong><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>In a Palace briefing, Undersecretary Castro said that selling the country\u2019s gold reserves, which form part of the country\u2019s Gross International Reserves (GIR), is a regular activity of the BSP to help stimulate the economy.<\/strong><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>\u201cSinabi nga dito ang pagbebenta ng gold, kung mataas ang dapat ibenta,\u201d she said.<\/strong><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>The undersecretary said the government will take such erroneous statements seriously, and counter them with correct information.<\/strong><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>\u201cWe will take this seriously para naman hindi magkaroon ng fake news lalo na sa mga taong nakikinig sa kanya, at maaaring naniniwala,\u201d Undersecretary Castro said.<\/strong><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>In a statement, the BSP said the country\u2019s GRI is held and managed solely by the central bank for the foreign exchange requirements of the country. Proceeds of any sales stay within the GRI.<\/strong><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>The BSP also assured they will maintain a portion of its reserves in gold to safeguard \u201cagainst offset, movements in the market price of other assets.\u201d<\/strong><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PRESIDENTIAL Communications Office (PCO) Undersecretary Claire Castro dismissed on Monday claims by former president Rodrigo R. Duterte that President Ferdinand R. Marcos Jr. had a<\/p>\n","protected":false},"author":1,"featured_media":12042,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/12041"}],"collection":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/comments?post=12041"}],"version-history":[{"count":3,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/12041\/revisions"}],"predecessor-version":[{"id":12046,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/12041\/revisions\/12046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/media\/12042"}],"wp:attachment":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/media?parent=12041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/categories?post=12041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/tags?post=12041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}