MANILA: The Bangko Sentral ng Pilipinas (BSP) said PHP831.77 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.
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; Southma
ll, 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.
Source: Philippines News Agency