Pangasinan partners with BSP for Coin Recirculation Program prelaunch

LINGAYEN, Pangasinan – As part of this year’s celebration of the National Statistics Month, the Bangko Sentral ng Pilipinas (BSP) in partnership with the provincial government is relaunching its Coin Recirculation Program through coin exchange activity.

The activity runs parallel with the BSP’s objective to achieve an efficient coin recirculation and help the government save on coin production cost.

It can be recalled that on March 2005, the Monetary Board of the BSP created the Currency Management Committee (CuMC) to address problems arising from the circulation of Philippine currency.

As a sign of support to the program, Gov. Amado I. Espino III issued a memorandum to all department heads and chiefs of offices and hospitals on September 26 directing them to encourage all their staff to support the program by exchanging their coins for crisp new bills.

Those who will exchange their 25 cents, 10 cents, five cents and one cent with a total of P100.00, will then get the equivalent amount in crisp new bills and shall also receive BSP commemorative coin, plus certificate. This also applies to every exchange of P10, P5, and P1.

Everyone are enjoined to submit their coins to the Provincial Planning and Development Office fromOctober 2 to 20 of this year with their corresponding reward from the office to be awarded on the fourth week of the same month.

For further inquiries, you may contact the PPDO/NSM-PSC Secretariat at telephone numbers 632-6968 or 632-0818.

By Dexter A. See

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