BSP coin deposit machines’ ‘loose change’ hit P1 billion

Quick Summary:

THE Bangko Sentral ng Pilipinas (BSP) has collected P1.08 billion worth of loose change from transactions done via coin deposit machines (CoDMs).

Earlier, BSP considered the CoDM a success in plugging the country’s artificial coin shortage.

BSP also said these coins were converted by Filipinos to e-wallet credits and shopping vouchers.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: City Transactions Manila Coin Place Rizal Codms Coins Robinsons Machines Collected

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 16:07:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23838747

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 65 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #37

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