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asp Facility The underlying Bank of the Philippines too known as the Bangkok Central nag Philippians was established during the regime of Ferdinand E. Marcos. Its chief(prenominal) target argona is to do the financial polity and collect tot eithery the important wealth of our bucolic. Our circumference was In the Security coiffure Complex of the BSP w here(predicate) the doing of coin and refinery of coin takes place. These two liaisons atomic number 18 the blood of our p qualification t get into Is Important for us to achieve risque(prenominal) standards of competitive advantage over opposite(a) SEAN countries.The Security Plant Complex or SSP of the Bangkok Central nag gentle was designed nearly for the resistion of copy our funds supply. The over each(prenominal) structure of the unite Is a very unique 1, reservation It a giant fortress within the city. Security measurements be senior high schoolschool the like the censored doors, tinted mirrors, hardened w completelys, and exceptional take of technology enhancement. If we argon going to colloquy round their moldries that they use in manufacturing and producing m maveny, basing it from gold reserved inside the facility, they thus far expend a lot of raw money (moneys that arent contained because of close to deficiencies). croakly in term of structural quality, I an say that it is a solid 10 because they put one over descriptor out how to knuckle under a beautiful atmosphere from the hallways up to the manufacturing facilities. Video- masking The Video showing we watched was near the History of our money, from the depression propagation to the neo generation of money and how these things are universe created. They as well as let us watched how to create our money, the auspices features of to each one of our money overhear and the refinery of fortunate in the Philippines.History of tools The complete video was a unspoiled reference of the Philip pines money level. They told us hat from coins, they have started creating bills in the Spanish while to lessen the cost of overlapion. In the Ameri domiciliate Era they have known our nones as the English Series since the Ameri mass overtook us that time. That time was a largish boom for the Philippine economy thats wherefore the English successive publication was replaced by its forward-looking clayal name the Filipino series. After the People Power Revolution, the validation of Basing Albanian bank nones took place and replace the older banknotes.Lastly, the establishment of the BSP diminished all the rest banknotes to create a to a greater extent especial(a)ized note that the sight go out accept as a legal tender. Last year they have created sweet banknote bills that are known as the modern generation of bills. These bills have special trade protection features that prevent different people from write and creating replicas. Bills that have lower value have l ower safety features while bills with high values have a higher safety features. This way of security is for the perceptual constancy and safety of our Monetary Policy.Gold Refinery The SSP is alike creditworthy for the refining the gold that is being licitly sold to our clownish. They do this litigate to dyers mignonette the gold into formal shapes which is stored virtuallywhere in our country. The first outgrowth of refinery is melting the poised gold for it to be malleable and to deliberate into a formal shape. The next musical note is for the blacksmith to put the gold in a plate where it bottom of the inning be shaped. The detain step is to wait for the gold to be cold enough to be handled by tongs and put it in the reservoir. This cognitive operation is important to easily count and compress the gold that is collected.The video alike told us that even the dresses they utilize in the address are filtered because of the gold dusts it contains. The SSP always d eal to keep in come to with these things to cherish our gold reserves. After the video, we thus locomote on to the crook around the resultion facility. They showed to us the facilities they use to process the things that we vociferate the legal tender. The following below are the stages of creating banknotes 0 Simultaneous printing The first process is simultaneous printing. The piece of music they use is 80% cotton and 20% abaca. For the ink to permanently stay on the cover, they must(prenominal)iness wait a week for it to be fully dry.Intaglio printing The second process is called photogravure. This is where they carved ink in the make-up to make it look cave in and much than appealing to the user. Checking This process is where they pull up stakes get word whether the money is acceptable in the grocery store or not. This impart also retell if the money is ready to be distri merelyed or to be re apply. Releasing The last process is the releasing of the money t o the economy by distri simplying 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 bollocks up thousands of it. This is because not every appliance produces perfect printed money.During the printing process process, they also apply the intaglio and the serial number of the paper. Even if the money already had a serial number, it is still not acceptable not unless verified by the governance. but before the verification, they must still check whether the money is acceptable or not. They have 2 ways of checking bills automatonlike and manual. If a checker randomly surcharge 10 sheets of paper and all of it are in printed perfect, then the whole repair where the 10 sheets are taken is displace to self-regulating checking precisely if one of them is not in good condition, then the whole determine where the sheets is taken will be sent in manual checking.In automatic checking, they direc tly .NET the muckle of sheets in the intaglio process while in the manual process, each sheet in the set is checked for security measures. After all the acceptable sheet is collected it goes to come and then verifying. Lastly, the printed money is reserved for prospective purposes. Security documents and Special Medals While in the middle of the halt, we also sawing machine that bills are not the yet thing that they produced provided also security documents like passports and rural area titles. They give tongue to that it will be often easier for them to produce it here than any some 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 bright 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 normally made in gold that came from our gold reserves. Coins After tourin g us in the bills and documents facilities, they then took us in the coins compiling facilities. here are the stages of coin processing toil of blank coins Our tour head for the hills said that the blank coins we used came from South Korea.These coins are made from nickel and silver and as self similar(prenominal) 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 consume to a greater extent(prenominal) money. Carving of coins The next process afterwards 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. digest In this process they used a machine to produce a set of coins which is for the distrisolelyion of the coins.The machines cover the set with paper and then sent to another machine which sends the set of coins into a box 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 pecuniary supply. We all know that the BSP objective is to energise the financial status of the economy. To do this, they must symmetry the monetary supply to prevent it from being produced by others using its security features. They must realize that they are one of the most important sectors of the organisation 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 dogmatic and regulating the monetary constitution and managing all the banking and non-banking institutions in the country. onward 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 screwing we really distinguish the real from the fake. The guide tells us that they sell simple B efore we leave, she asks us if we indigence to get near old commemorative bills. These ills have no monetary value but still as a souvenir. more or less of bought some of it but I think that they Just thriftlessness their money because they Just used it to buy a non-legal Recommendation The Tour stolon of all, the tour is very educational but boring. So boring that the only thing that keeps me from sleeping and listening is myself chatting with others. They should have disposed(p) us good tour guides which have both the skill and the c ruin. Second, they should only include 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 leave which the gold will be refined.Lastly, they should also make the tour a joyful one that will cheer the disciple from listening. The Facilities Their facilities are good but they should also realize in wasted materials they used in creating bills and other reapings. As I have said before, they still waste thousands of bills and also thousands of harvest-homes that should have been already distributed or used as a reservation for the future cases. They should improve their machineries and increase its trueness to achieve a better capability 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 tackle everything about the history of money. They should apply at least some real life footage Just to set off us up or hitch up us. They could also use some games or tricks Just to keeps us in touch in them or make them trip up 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 ingest manage more things to do its duties and obligations in our country.postal code chinaware and Vietnam sold their products In cheaper worth than E topical anesthetic product and also cheaper than the products HTH being sold in scale countries itself, chinaware and Vietnam ( put away). In EX. point of view, mainland china and Vietnam are market economies which means that those two countries domesticated prices are artificial.According to financial times, anti toss away usually used in prominent scale business and seat of government intensive like steel and in this context, blank space making is not one of those. spot are not the only product that defend by anti dumping in ELI. In 2005, bicycle constancy also being protected by anti dumping against china and Vietnam products. Some observers think that it was unfair to combination Vietnamese and Chinese product In the same trade slut but In other hand, European semicolons shut that Vietnam and china bicycle have same figure and distribution.The anta mumping causes low Import property product from chinaware and Vietnam and It become hazard to other count ry to get down the market since E consists of lots of countries and consumers. CASE 8- I password QUESTION 1 . When dutys are obligate on European imports of clothe from mainland mainland China and Vietnam, who stands to gain? Who stands to lose? In the military position 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 generate high tariff to E government which means, high Income for ELI.In addition, the office 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 line 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 capital of Red China and capital of Vietnam want to subsidise European consumers to embodiment their shoe collections, let them .Do you check? Im not agree with that. In my opinion, government of China and Vietnam have argue why they subsidize shoe production and that reason is to receive their peoples need rather than to come across 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 suffer local people need first and they can satisfy other countries need next. 3. Antiquating countries can be depict as a form of protectionism. As the global retentions.Is this a confirmatory degree apparent motion or are such policies probable to prolong the recession? In my opinion, anti dumping can be depict as protection to local product against the import one. Local product can help countries to help from crisis because the money give ear only happened in one country. I think it is a positive course of instruction and can make a country be come more mugwump and be from the crisis. If they dont do antiquating, it can can harm their local product, make them more symbiotic 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 dumping 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 sa me 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 enter 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. Bu t 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 local 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.