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The Bangko Sentral ng Pilipinas (BSP) has been building up its Clean Note and Coin Policy and the Coin Recirculation Program with its recently relaunched “Piso Caravan” to preserve the country’s currency integrity. The central bank’s Piso Caravan is a currency exchange program to promote digital p
The Bangko Sentral ng Pilipinas (BSP) has resumed its “Piso Caravan” currency exchange program which now includes helping the public to shift from cold cash to e-money. The BSP on Tuesday, Jan. 17, has reiterated its call for Filipinos to replace their unfit banknotes and coins with digital cash.
The Bangko Sentral ng Pilipinas (BSP) said there will be sufficient supply of banknotes and coins during December and throughout the holiday season. "The BSP assures the public that sufficient supply of fresh banknotes and coins is available in view of the seasonal surge in currency demand,” the c
The Bangko Sentral ng Pilipinas (BSP) said on Wednesday, Nov. 3, that it has retired some 519.93 metric tons of “unfit, demonetized, mutilated and counterfeit” (UDMC) coins by the process of defacement which started October last year until September 2022. Coins considered unfit are those that are
The Bangko Sentral ng Pilipinas (BSP) advised the public to exchange or deposit “unfit” coins as part of its campaign to promote and improve its use and circulation. 73631 “Proper handling of coins helps maintain their structural integrity, which also promotes vigilance against their unlawful us