The Security Plant Complex (SPC)
The Security Plant Complex (SPC) was formally established on September 7, 1978 to safeguard the printing/minting/refining, issuance, distribution and durability of coins, banknotes, gold bars, government official receipts, lottery tickets, internal revenue stamps, passports, seaman identification record books, strip stamps, official documents, registration certificates, Torrens titles, treasury warrants, stocks and bonds, government contracts, ration coupons, official ballots, election return forms, checks and other security printing or minting jobs of the Philippine government. Later on, printing of official ballots and other public documents were transferred to the National Printing Office (NPO) pursuant to Executive Order No. 285 issued on July 25, 1987. On August 4, 2003, President Gloria Macapagal-Arroyo issued Administrative Order No. 79, it designates the SPC to be sole manufacturer of presidential medals and decorations.
Read more about this topic: Bangko Sentral Ng Pilipinas
Famous quotes containing the words security, plant and/or complex:
“The three great ends which a statesman ought to propose to himself in the government of a nation, are,—1. Security to possessors; 2. Facility to acquirers; and, 3. Hope to all.”
—Samuel Taylor Coleridge (1772–1834)
“Plant melons, harvest melons; plant beans, harvest beans.”
—Chinese proverb.
“Specialization is a feature of every complex organization, be it social or natural, a school system, garden, book, or mammalian body.”
—Catharine R. Stimpson (b. 1936)