Deposit machines processed 145.5M coins — BSP

The Bangko Sentral ng Pilipinas (BSP) said on Friday that its coin recirculation program has gained traction.

In a news release, the BSP said the number of coins deposited through coin deposit machines (CoDMs) reached 145.5 million as of February 21, 2024—eight months after the initiative was launched in June 2023.

The CoDMs are deployed at the following:

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
SM City Bacoor, Cavite

The BSP’s CoDMs aim to put idle coins back in circulation to serve the currency needs of the country.

The machines accept all denominations of the BSP Coin Series and the New Generation Currency Coin Series launched in 2018, ranging from a centavo to as high as P20.

Coins deposited can be credited to a depositor’s e-wallets or shopping vouchers.

In cooperation with partner retailers and electronic money issuers, the CoDMs also promote a cash-lite economy with the adoption of payment digitalization, the BSP said. — VBL, GMA Integrated News