Over P1 B coins returned to BSP via deposit machines
The Philippine Star|October 18, 2024
The Bangko Sentral ng Pilipinas (BSP) has collected P1 billion worth of coins as part of efforts to bring them back into circulation and address the shortage due to improper storage or disposal.
Louise Maureen Simeon

More than a year after the program's launch, the coin deposit machines of the BSP have accepted a total of 260 million pieces of coins, equivalent to P1 billion.

These coins came from about 240,000 transactions.

Since June last year, the BSP has installed 25 coin deposit machines in various malls in the Greater Manila Area.

The central bank will expand the project by installing 25 more coin deposit machines next year to other major cities such as Cebu, Davao and Baguio, among others.

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