THE Monetary Board will still be able to perform its functions despite a 'ghost' employee scandal that could lead to the departure of two members, the Bangko Sentral ng Pilipinas (BSP) said.
THE Monetary Board will still be able to perform its functions despite a 'ghost' employee scandal that could lead to the departure of two members, the Bangko Sentral ng Pilipinas said.The central bank's seven-member policymaking body has been hit by controversy following reports that two officials had hired employees who were being paid but not doing any work. An investigation has resulted in the resignations of four individuals and disciplinary proceedings are ongoing.
Tolentino and Aquino have been identified as the members involved and have so far declined to issue statements. Both were appointed during the term of former president Rodrigo Duterte, during which Diokno was the BSP chief.Diokno, who left the central bank to become finance secretary in 2022 and was replaced by Recto in January, denied that the Monetary Board had become 'politicized' during his stint at the BSP.
Monetary Board Can Still Do 'Most Duties'
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