MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is temporarily halting the operations of coin deposit machines next month, as part of a comprehensive review aimed at improving the ...

All coin deposit machines in Greater Manila Area malls will temporarily cease operations beginning June 17, the Bangko Sentral ng Pilipinas announced on Friday, May 16.

“The BSP is implementing the temporary suspension to conduct a thorough review of how to re-circulate idle coins and serve Filipinos’ coin exchange needs even better. Following the review, the BSP ...

THE Bangko Sentral ng Pilipinas (BSP) on Friday announced a temporary suspension of its coin deposit machines (CoDMs) operations for a review on how to re-circulate idle coins and better service the ...

But in terms of currency shipment, the BSP had sent P421.3 billion worth of banknotes and coins to its regional offices and branches in 2023, down by 2.1 percent.

COIN deposit machines (CoDMs) deployed by the Bangko Sentral ng Pilipinas (BSP) have collected P1.308 billion as of February 15, and the central bank targets doubling the number of machines by the ...

While traditional saving methods are not discouraged, the BSP highlights several advantages to depositing coins in banks: Improved Circulation – ensures coins are available for transactions and ...

The Bangko Sentral ng Pilipinas (BSP) has collected over 1 billion pesos from the coin deposit machines (CoDMs). According to BSP, as of October 11, a total of PHP1,008,889,490.24 coins have been ...

The BSP earlier said that it would expand the project by installing additional 25 coin deposit machines this year to other major cities such as Cebu, Davao and Baguio.