Over 220M coins deposited in BSP machines

COIN MACHINES Bangko Sentral ng Pilipinas Governor Felipe Medalla (center) pose with BSP Deputy Governor Bernadette Romulo-Puyat and BDO chair and SM Investments Corp. vice chair Teresita Sy-Coson (right) at the launching of coin deposit machines at SM Mall of Asia in Pasay City. —PHOTO FROM BANGKO SENTRAL NG PILIPINAS

MANILA – The Bangko Sentral ng Pilipinas (BSP) said P831.77 million worth of coins have been deposited through its coin deposit machines (CoDM) as of July 15.

In a Facebook post on Tuesday, the BSP said the amount is equivalent to 223.02 million pieces of coins from 202,110 transactions.

CoDMs allow customers to conveniently deposit their legal tender coins to be credited to their GCash or Maya electronic wallet accounts or converted into shopping vouchers.

READ: BSP launches coin deposit machines

The coin deposit machines support the BSP’s Coin Recirculation Program that aims to put idle coins back in circulation to serve the currency needs of the country.

The BSP has so far deployed 25 CoDMs in partner retail establishments across the Greater Manila Area.

The CoDMs are located at Robinsons Place Metro East, Pasig City and Antipolo, Rizal; Novaliches and New Manila (Magnolia) in Quezon City; Ermita, Manila; and Ortigas (Galleria); Festival Mall, Muntinlupa City; SM Hypermarket FTI, Taguig City; and SM malls Megamall, Mandaluyong City; Southmall, Las Piñas City; and Mall of Asia, Pasay City; and SM City Grand Central, Caloocan; Marilao, Bulacan; Taytay and San Mateo, Rizal; Sucat and Bicutan, Parañaque; Calamba, Laguna; Marikina City; Valenzuela; North EDSA and Fairview, QC; San Lazaro, Manila; and Bacoor, Cavite.