BSP coin deposit machines have collected over P1.3 billion worth of coins

The Bangko Sentral ng Pilipinas (BSP) said over P1.3 billion worth of coins have been deposited through its coin deposit machines (CoDM).

The Bangko Sentral ng Pilipinas (BSP) has collected over P1.3 billion worth of coins through its coin deposit machines (CoDM).

As of Feb. 15, this year, the total coin collection amounted to P1.308 billion.

This is equivalent to 326.18 million pieces of coins from 299,457 transactions.

Launched on June 20, 2023, the CoDM project allows 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 to put idle coins back in circulation to serve the country’s currency needs.

To date, the BSP has deployed CoDMs in partner retail establishments across the Greater Manila Area.

These are located at Robinsons Place Metro East, Pasig City; Robinsons Place Novaliches, Quezon City (QC); Robinsons Place Antipolo, Rizal; Robinsons Place Magnolia, QC; Robinsons Place Ermita, Manila; Robinsons Place Galleria, Ortigas; Festival Mall, Muntinlupa City; SM Megamall, Mandaluyong City; SM City Grand Central, Caloocan; SM City Marilao, Bulacan; SM City Taytay, Rizal; SM Hypermarket FTI, Taguig City; SM Southmall, Las Piñas City; SM City Sucat, Parañaque; SM City Calamba; SM City Marikina; SM City San Mateo, Rizal; SM City Valenzuela; SM Mall of Asia, Pasay City; SM City North EDSA, QC; SM City Fairview, QC; SM City San Lazaro, Manila; SM City Bicutan, Parañaque; and SM City Bacoor, Cavite.