BSP prints P781-B banknotes in 2023

The Bangko Sentral ng Pilipinas (BSP) produced 1.9 billion pieces of banknotes worth P781.6 billion and 1.8 billion pieces of coins worth P10.3 billion last year.

- KEISHA TA-ASAN

Currency production increased by 0.9 percent for banknotes and 46.4 percent for coins.

“The production deliveries complemented the BSP’s existing inventory of physical currency to service the demand of the economy,” the central bank said in its annual report.

Last year, the BSP shipped P421.3 bi l l ion worth of banknotes and coins to its regional offices and branches (ROBs). This is 2.1 percent lower than the value of currencies shipped a year before.

The frequency of currency shipments also dropped by 5.8 percent to 665 completed shipments via land, air and sea in 2023.