BSP deploys more coin deposit machines

BSP deploys more coin deposit machines;   98.8M coins deposited as of end-September

Transcript

00:00 The Banco Central ng Pilipinas has additionally set up 15 coin deposit machines

00:05 with the goal of ensuring an efficient circulation of Philippine coin in the country.

00:10 Soojin Kim tells us more in this report.

00:13 In response to growing demand,

00:17 the Banco Central ng Pilipinas has deployed more coin deposit machines.

00:21 As of end September, a total of 98.8 million worth of coins

00:25 have been deposited into the machines from over 37,000 transactions.

00:29 They installed 15 additional coin deposit machines,

00:32 bringing the total number of units available in the Greater Manila Area to 25.

00:37 The highest single transaction amounted to P100,260.

00:42 With more coin deposit machines installed in retail establishments,

00:46 the BSP expects wider public engagement

00:48 that will lead to better and more efficient coin recirculation in the country.

00:52 Coin deposit machines allow customers to conveniently deposit legal tender coins

00:56 and directly credit them to their GCash or Maya e-wallets.

01:00 The Banco Central ng Pilipinas reminds the public

01:03 to ensure coins for deposit must not be taped or bundled.

01:07 Soojin Kim, for the nation.