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 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. (PNA)
