Metro Manila (CNN Philippines, June 21) — The Bangko Sentral ng Pilipinas (BSP) on Tuesday unveiled its Coin Deposit Machine (CoDM) project in a bid to boost coin recirculation nationwide.
According to BSP, the machines were placed in partner malls to encourage the public to deposit “idle coins stored in their jars, piggy banks, and other containers” and credit the amount to their mobile wallets.
\”This is in line with the central bank’s payment digitalization and financial inclusion agenda,\” the central bank said in a statement.
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