Quetzal ("Merriam-Webster's Collegiate Dictionary"), from the Nahuatl root = "stand up" used to refer to an upstanding plume of feathers. The word entered English through Spanish. The word "quetzal" was originally used for just the resplendent quetzal, the long-tailed quetzal of Guatemala, (more specifically a town called Petén) which is the national bird and the name of the currency of Guatemala. It still often refers to that bird specifically but now also names all the species of the genera "Pharomachrus" and "Euptilotis". "Pharomachrus" is from Ancient Greek , "mantle", and , "long", referring to the wing and tail coverts of the
Monetary policy of the Philippines the desired level of inflation that is consistent with the economy's growth objective. In effect, under the monetary targeting framework, the BSP controls inflation indirectly by targeting money supply. The BSP employs a modified framework beginning the second semester of 1995 in attempt to enhance the effectiveness of the monetary policy by complementing monetary aggregate targeting with some form of inflation targeting, placing greater emphasis on price stability. Certain key modifications include: Under an aggregate targeting framework, the BSP fixes money growth so as to minimize expected inflation. On the other hand, under the new framework, BSP sets monetary policy