Wednesday , June 20, 2018

BSP-Iloilo coin recirculation drive goes into high gear

ILOILO CITY -- The Bangko Sentral ng Pilipinas (BSP) has called on the public to exchange their lower denomination coins by availing any of the two venues made available under the national coin recirculation program.

Bank officer Lowen Andres June Ligad on Friday said that they have “Palit Barya sa mga Ahensya” and “Sensilyo Mo Kambyuhan Ko,” both are initiatives under the coin recirculation program of the BSP.

“We encourage the public to flush out coins in their storage,” he said, citing that exchanging their coins for bills is a “big help to the BSP to save government’s money.”

Under the “Palit Barya sa mga Ahensya,” BSP gets to visit selected government offices and urged their employees to exchange their coins with bills. It is held every Friday between 3 p.m. to 5 p.m.

They have so far visited the Iloilo Provincial Capitol, Iloilo City Hall, Philippine Health Insurance Corporation and the National Economic and Development Authority. They will soon visit the Philippine Statistics Authority and the Department of Environment and Natural Resources.

The “Sensilyo Mo Kambyuhan Ko,” on the other hand, is every Tuesday, Wednesday and Thursday. During these days, the BSP opens its door to the public from 9 a.m. to 1 p.m. for them to exchange their coins.

BSP is among the partner agencies that joined this month’s observance of the Consumer Awareness Month spearheaded by the Department of Trade and Industry.

Ligad said that under the national coin recirculation program they encourage the public to provide importance to coins by making it a habit to accept and utilize coins and be compliant to the Consumer Welfare Act where patrons must be given their exact change. (PNA)