The Bangko Sentral ng Pilipinas (BSP) announced that all coin deposit machines in malls across the Greater Manila Area will temporarily cease operations starting June 17.
The public can still use these machines to deposit coins until June 16.
The suspension aims to allow the BSP to study ways to improve coin circulation and the currency exchange service.
Since their launch in 2023, the 25 machines have collected nearly P1.5 billion in coins from the public.
During the suspension, consumers with bank accounts can deposit clean coins at banks, while those without accounts can exchange coins at selected financial institutions under the BSP Piso Caravan program.
Source: PhilNews24 | May 17, 2025
BSP TO HALT OPERATION OF COIN DEPOSIT MACHINES BEGINNING JUNE 17
Latest from Business
Ilocos Sur and Ilocos Norte received more than ₱14 billion in tobacco excise tax shares from
The Department of Energy (DOE) has relaunched the coal auction for the Semirara mine in Antique,
Converge ICT Solutions Inc. is facing challenges in acquiring and retaining low-income subscribers as rising inflation
Business name registrations with the Department of Trade and Industry (DTI) increased by 6.5 percent to
The Philippine Ports Authority (PPA) recorded a 15-percent increase in profit to P10.59 billion in the