The coin recirculation program of the Bangko Sentral ng Pilipinas (BSP) continues to gain public support as its Coin Deposit Machines (CoDMs) passed the 145.5 million mark in the number of coins received and processed as of 21 February 2024 or eight months after its launching in June 2023.
BSP Deputy Governor Bernadette Romulo-Puyat disclosed this at the CoDM Project Milestone and Retail Appreciation Ceremony, where she highlighted the strong support of Pasig City Mayor Victor Ma. Regis “Vico” N. Sotto, and Robinsons Retail Holdings, Inc. President and Chief Executive Officer Robina Gokongwei. The event was held at Robinsons Metro East, Pasig City on 23 February 2024.
Since June 2023, the BSP has installed 25 CoDMs in the Greater Manila Area.
CoDMs allow customers to conveniently deposit their legal tender coins[1] to be credited to their GCash or Maya electronic wallet accounts or converted into shopping vouchers.[2]
The coin deposit machines support the BSP’s Coin Recirculation Program that aims to put idle coins back in circulation to serve the currency needs of the country.
In cooperation with partner retailers and electronic money issuers, the CoDMs also promote a cash-lite economy with the adoption of payments digitalization.
CoDMs are deployed at 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; and SM City Bacoor, Cavite.
For more information on the CoDM Project, visit the CoDM microsite or visit the BSP website and social media pages. For inquiries or concerns, contact the CoDM Support Hotline at +63 (02) 8-689-3599 or codm@bsp.gov.ph.
[1] Includes the BSP Coin Series and the New Generation Currency Coin Series, composed of 1-, 5-, 10-, and 25-Sentimo; and 1-, 5-, 10-, and 20-Piso. For more information about legal tender coins, visit https://www.bsp.gov.ph/SitePages/CoinsAndNotes/BSPCoinSeries.aspx and https://www.bsp.gov.ph/Pages/CoinsAndNotes/Coins/NewGenerationCurrencyCoinSeries.aspx
[2] Alternatively, customers of SM Stores and Festival Mall may redeem the value of their deposited coins in the form of shopping vouchers that can be used in SM Stores nationwide.
