It’s just a lowly coin (“barya”), alright, but did you know that there is now a perceived shortage of coins in some parts of the country today? This only indicates that coins are not being recirculated effectively in the country. Left unchecked, then this situation could require the Bangko Sentral ng Pilipinas (BSP) to produce […]
The Bangko Sentral ng Pilipinas (BSP) has just issued an advisory informing the public that the legal tender limit of Philippine coins per transaction has been increased under BSP Circular No. 1162, series of 2022. According to the BSP, the upward adjustment in the legal tender limit was meant to promote the use of coins […]
In an effort to increase coin circulation nationally, the Bangko Sentral ng Pilipinas (BSP) and its retail partners recently installed Coin Deposit Machines (CoDM) in various mall outlets throughout the country. The initiative aims to persuade the public to conveniently deposit their unneeded coins at exchange facilities that are conveniently positioned in a few malls. […]
