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BSP collects P649 M from coin deposits

The Philippine Star

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April 23, 2024

The Bangko Sentral ng Pilipinas (BSP) has collected more than P600 million worth of coins as part of efforts to bring these back to circulation and address the shortage due to improper storage or disposal.

- KEISHA TA-ASAN

As of April 15, the coin deposit machines of the BSP have accepted a total of 179.6 million coins equivalent to P648.9 million.

The central bank has logged 161,725 transactions roughly 10 months since the launch of these coin deposit machines.

BSP Deputy Governor Bernadette Romulo-Puyat earlier said the central bank was looking to double the number of coin deposit machines this year, after completing the rollout of the first 25 coin deposit machines in Metro Manila and nearby provinces.

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