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Asp Facility The Central Bank of the Philippines alike know as the Bangkok Central chaw Philippians was established during the regime of Ferdinand E. Marcos. Its primary(prenominal) purposeive is to pick out the m sing allowary insurance policy and collect entirely the chief(prenominal) wealthiness of our commonwealth. Our tour was In the Security Plant Complex of the BSP where the work of bullion and refinery of gold takes place. These two things atomic number 18 the blood of our rescue that Is Coperni apprize buoy for us to achieve higher standards of competitive advantage over former(a) SEAN countries.The Security Plant Complex or SSP of the Bangkok Central nag Pleasant was designed nearly for the close oution of write our silver supply. The boilers suit structure of the compound Is a very unique mavin, qualification It a giant fortress Inside the city. Security measurements atomic number 18 high deal the censored doors, tinted mirrors, hardened walls, an d exceptional level of technology enhancement. If we are dismission to talk about their elevator carries that they use in manufacturing and producing money, basing it from money reserved indoors the facility, they settle down waste a lot of raw money (moneys that arent evaluate because of some deficiencies).Lastly in equipment casualty of structural quality, I an say that it is a solid 10 because they clear figure out how to give a pleasant atmosphere from the hall sorts up to the manufacturing facilities. Video-showing The Video showing we watched was about the history of our money, from the archetypical contemporaries to the modern generation of money and how these things are world created. They also let us watched how to create our money, the shelter features of each of our money reach and the refinery of gold in the Philippines.History of Money The square pictorial matter was a good reference of the Philippines money history. They told us hat from come tos, they manufacture up started creating bills in the Spanish era to lessen the cost of reapingion. In the Ameri eject Era they have known our currency as the English Series since the American overtook us that time. That time was a big boom for the Philippine economy thats why the English series was replaced by its new clod place the Filipino series. After the People Power Revolution, the establishment of Basing Albanian bank nones took place and replace the older banknotes.Lastly, the establishment of the BSP diminished all the stay banknotes to create a to a greater extent specific note that the people get out accept as a legal tender. Last year they have created new banknote bills that are known as the modern generation of bills. These bills have special security features that prevent differentwise people from copying and creating replicas. Bills that have lower set have lower safety features musical composition bills with higher values have a higher safety features. This way of security is for the stability and safety of our Monetary Policy.Gold Refinery The SSP is also responsible for the purification the gold that is being legally exchange to our country. They do this functioning to dyers rocket the gold into formal shapes which is stored somewhere in our country. The first branch of refinery is liquescent the collected gold for it to be malleable and to turn into a formal shape. The next step is for the blacksmith to put the gold in a denture where it can be shaped. The last step is to wait for the gold to be cold enough to be handled by tongs and put it in the reservoir. This process is authorized to easily count and weigh the gold that is collected.The video also told us that even the dresses they used in the process are filtered because of the gold dusts it contains. The SSP always urgency to keep in touch with these things to nurture our gold reserves. After the video, we accordingly moved on to the tour virtually the returnion faci lity. They showed to us the facilities they used to process the things that we call the legal tender. The pastime below are the stages of creating banknotes 0 Simultaneous printing The first process is simultaneous printing. The subject they used is 80% cotton and 20% abaca. For the sign to permanently stay on the paper, they moldiness wait a week for it to be fully dry.Intaglio printing The second process is called gravure. This is where they carved ink in the paper to make it look fall apart and more kindly to the user. Checking This process is where they get out check whether the money is acceptable in the grocery store place or not. This exit also tell if the money is ready to be distri excepted or to be reused. Releasing The last process is the releasing of the money to the economy by distributing into different banks in the Philippines (they Just told us this process). As the day goes by, they produce thousands of bill yet they also waste thousands of it. This is because not every machine produces perfect printed money.During the Printing process, they also apply the intaglio and the accompanying number of the paper. Even if the money already had a serial number, it is still not acceptable not unless verified by the politics. just now before the verification, they must still check whether the money is acceptable or not. They have 2 ways of checking bills mechanical and manual of arms. If a checker helter-skelter pick 10 sheets of paper and all of it are in printed perfect, then the whole set where the 10 sheets are taken is sent to automatic checking but if one of them is not in good condition, then the whole set where the sheets is taken will be sent in manual checking.In automatic checking, they directly .NET the set of sheets in the intaglio process opus in the manual process, each sheet in the set is check over for security measures. After all the acceptable sheet is collected it goes to tally and then verifying. Lastly, the pri nted money is reserved for upcoming purposes. Security documents and Special Medals trance in the middle of the tour, we also saw that bills are not the moreover thing that they produced but also security documents uniform passports and land titles. They state that it will be much easier for them to produce it here than any other place for security.We awe how they compile each paper turning it into a new and ready to use passports. Use in creating these kinds of titles. It a adroit yellow-green paper and has a border. They also produce special medals like honor medals and presidential medals which is used in special events. This medal is ordinarily made in gold that came from our gold reserves. Coins After touring us in the bills and documents facilities, they then took us in the species compiling facilities. Here are the stages of coin processing Production of neat coins Our tour blow over express that the blank coins we used came from South Korea.These coins are made fro m nickel and silver and as equal as the value of what it says. For example, a one peso coin also has a value of one peso in terms of metal value. This is used for the security value of the money and will prevent melting of coins to gain more money. Carving of coins The next process later on the shipment of the coins is carving it into money which it will be used as a legal coin. They used a machine to do this process due to the supply. Compiling In this process they used a machine to produce a set of coins which is for the distribution of the coins.The machines cover the set with paper and then sent to another machine which sends the set of coins into a knock where it will be distributed. The end of tour The tour guide said that the main objective of this Facility is to protect and create the monetary supply. We all know that the BSP objective is to stabilize the financial status of the economy. To do this, they must balance the monetary supply to prevent it from being produced b y others utilize its security features. They must literalize that they are one of the most important sectors of the government and without them here will be no balance in the country.BSP as a whole, our tour guide said, is a foundation of the economies wealth and sustainability. BSP keeps the economy balance by controlling and regulating the monetary policy and managing all the banking and non-banking institutions in the country. Before we end our tour, our tour guide lets us ask questions about the tour. Most of us ask about the security measures of each bill and how can we really distinguish the real from the fake. The guide tells us that they sell simple Before we leave, she asks us if we want to obtain some old commemorative bills. These ills have no monetary value but only as a souvenir.Some of bought some of it but I value that they Just waste their money because they Just used it to deal a non-legal Recommendation The Tour First of all, the tour is very educational but bo ring. So boring that the only thing that keeps me from sleeping and comprehend is myself chatting with others. They should have given us good tour guides which have both(prenominal) the skill and the charm. Second, they should only allow the tour if there is an activity in the refinery because its so unfair if only others saw it or much better if all the tour schedules is at the same date which the gold will be refined.Lastly, they should also make the tour a happy one that will cheer the student from listening. The Facilities Their facilities are good but they should also realize in wasted materials they used in creating bills and other products. As I have said before, they still waste thousands of bills and also thousands of products that should have been already distributed or used as a reservation for the future cases. They should improve their machineries and increase its accuracy to achieve a better authorisation and maximize our resources. The VideoThe video is also a life learning footage but its a little bit boring because all it does is explain and harness everything about the history of money. They should apply at least some real life footage Just to wake us up or advertize us. They could also use some games or tricks Just to keeps us in touch in them or make them see if we are still listening or not. The SSP The Sports complex must add more features in managing the whole process of manufacturing our monetary supply. To sum it up, they still need manage more things to do its duties and obligations in our country.Nothing china and Vietnam sold their products In cheaper hurt than E local product and also cheaper than the products HTH being sold in home countries itself, china and Vietnam ( throw away). In EX. point of view, China and Vietnam are market economies which means that those two countries domestic prices are artificial.According to financial times, anti throw away usually used in large scale business sector and great(p) intensive l ike steel and in this context, horseshoes making is not one of those. Shoes are not the only product that defend by anti dispose in ELI. In 2005, rack exertion also being protected by anti dumping against China and Vietnam products. Some observers think that it was unfair to combine Vietnamese and Chinese product In the same trade slut but In other hand, European semicolons conclude that Vietnam and China bicycle have same caseful and distribution.The anta mumping causes low Import shoes product from China and Vietnam and It induce chance to other country to enter the market since E consists of split up of countries and consumers. event 8- I DISCUSSION QUESTION 1 . When tariffs are compel on European imports of shoes from China and Vietnam, who stands to gain? Who stands to lose? In the berth when tariffs are imposed against China and Vietnam, E countries will get more gain because if China and Vietnam still want to enter Ex.s market, they must patch up high tariff to E government which means, high Income for ELI.In addition, the blank space can also give advantage for other country such as Indonesia to enter the market because E not Imposed ant dumping to Indonesian product, yet. Surely, the situation will make China and Vietnam go Into yield because they must pay high tariff with uncertain profits. 2. European policy makers object to the fact that some Asian shoe production is government seized. just now as an editorial in the Financial times far-famed If capital of Red China and Hanoi want to subsidize European consumers to build their shoe collections, let them .Do you agree? Im not agree with that. In my opinion, government of China and Vietnam have antecedent why they subsidize shoe production and that reason is to meet their peoples need rather than to fulfill other countries people. Penthouse exporting the products to other country can give Income to government but I think It will be better for them to satisfy local people need fir st and they can satisfy other countries need next. 3. Antiquating countries can be describe as a form of protectionism. As the global retentions.Is this a lordly trend or are such policies likely to carry the nook? In my opinion, anti dumping can be draw as protection to local product against the import one. Local product can help countries to help from crisis because the money flow only happened in one country. I think it is a positive trend and can make a country become more in certified and run short from the crisis. If they dont do antiquating, it can can harm their local product, make them more dependent to other country.NothingChina and Vietnam sold their products In cheaper price than E local product and also cheaper than the products HTH being sold in home countries itself, China and Vietnam (dumping). In EX. point of view, China and Vietnam are market economies which means that those two countries domestic prices are artificial.According to financial times, anti dumpin g usually used in large scale business and capital intensive like steel and in this context, shoes making is not one of those. Shoes are not the only product that protected by anti dumping in ELI. In 2005, bicycle industry also being protected by anti dumping against China and Vietnam products. Some observers think that it was unfair to combine Vietnamese and Chinese product In the same trade slut but In other hand, European semicolons conclude that Vietnam and China bicycle have same type and distribution.The anta mumping causes low Import shoes product from China and Vietnam and It become opportunity to other country to enter the market since E consists of lots of countries and consumers. CASE 8- I DISCUSSION QUESTION 1 . When tariffs are imposed on European imports of shoes from China and Vietnam, who stands to gain? Who stands to lose? In the situation when tariffs are imposed against China and Vietnam, E countries will get more gain because if China and Vietnam still want to en ter Ex.s market, they must pay high tariff to E government which means, high Income for ELI.In addition, the situation can also give advantage for other country such as Indonesia to enter the market because E not Imposed ant dumping to Indonesian product, yet. Surely, the situation will make China and Vietnam go Into collapse because they must pay high tariff with uncertain profits. 2. European policy makers object to the fact that some Asian shoe production is government seized. But as an editorial in the Financial times noted If Beijing and Hanoi want to subsidize European consumers to build their shoe collections, let them .Do you agree? Im not agree with that. In my opinion, government of China and Vietnam have reason why they subsidize shoe production and that reason is to fulfill their peoples need rather than to fulfill other countries people. Penthouse exporting the products to other country can give Income to government but I think It will be better for them to satisfy loc al people need first and they can satisfy other countries need next. 3. Antiquating countries can be described as a form of protectionism. As the global retentions.Is this a positive trend or are such policies likely to prolong the recession? In my opinion, anti dumping can be described as protection to local product against the import one. Local product can help countries to help from crisis because the money flow only happened in one country. I think it is a positive trend and can make a country become more independent and survive from the crisis. If they dont do antiquating, it can can harm their local product, make them more dependent to other country.