THE Bangko Sentral ng Pilipinas (BSP) said the highest single transaction in its coin deposit machines (CoDMs) has reached P100,260. The BSP said the was recorded in one of the 25 CoDMs the central bank has placed in various malls in Metro Manila and Calabarzon. The central bank said P98.8 million worth of coins have
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MONETARY authorities have doubled the amount per transaction using Philippine coins to encourage the use of the legal tender in payments and cash settlements in the country.
The Bangko Sentral ng Pilipinas (BSP) and its partner retailers on Tuesday officially launched three coin deposit machines (CoDM), with six more set to be deployed in the next few days, in a bid to encourage the public to make use of their idle coins.