THE Philippine central bank has so far collected almost P888.7 million from coin deposit machines introduced last year to enhance money circulation.
The Bangko Sentral ng Pilipinas reported on Friday that the number of coin deposit machine transactions reached 214,475 as of August 15 with 236 million coins having been deposited and exchanged for e-wallet credits or shopping vouchers.
Jonathan Choi Koon-shum, chairman of the Chinese General Chamber of Commerce Hong Kong, speaks during a Philippines-China Relations forum titled, ‘Exploring Opportunities with Guandong-Hong Kong-Macao Greater bay Area,’ held at Conrad Manila in Pasay City on Aug. 22, 2024. Twenty-five machines were rolled out in malls owned by SM, Robinsons and Filinvest in Metro Manila and nearby cities.BSP Deputy Governor Bernadette Romulo-Puyat announced that an additional 25 coin deposit machines will be introduced next year, postponing the original plan to roll them out this year due to unforeseen delays.She mentioned that cities like Cebu, Davao, Naga, Pampanga, and Baguio are being considered as locations for these machines.
Deposit Machine Collections Hit P889M
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