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Media Releases

Advisory Against Illegal Use of Coins

10.31.2008

The Bangko Sentral ng Pilipinas (BSP) requests the support of the public in reporting persons who are involved in defacing/mutilating or smuggling Philippine coins.  Both are criminal acts punishable by law under Presidential Decree 247 and BSP Circular 98, Series of 1995 in relation to  Section  2530 (f) of the Tariff and Customs Code of the Philippines, as amended.

The BSP also warns the public against persons claiming that the central bank “buys” certain coin denominations higher than their face value. There is no truth to this information.

 The BSP is the sole issuer of currency in the Philippines.  It mints and circulates coins in accordance with its mandate to supply the currency requirements of the banking system and sustain economic growth. It determines the different denominations of our money, both banknotes and coins, and the public should accept them at face value, no more, no less.     

Please report any information against persons engaged in or promoting the illegal use of coins.  Our contact numbers are: 

Office/Branch

Contact Person

Contact Number

Cash Department, Quezon City

Investigation Division     

(02) 926-5092

Angeles City

Rizal G. Samia

(045)-323-4101

Batac City

Robinson I. Dagdagan

(077)-792-2103

Cabanatuan City

Percival C. Zabala

(044)-463-1736

Dagupan City

Virgilio P. Tiongson

(075)-614-3027

San Fernando, La Union

Primo B. Quetulio

(072)-888-2083

Tuguegarao City

Ricardo M. Cogay

(078)-844-4755

Lucena City

Rogel Joseph V. Del Rosario

(042)-373-7323

Naga City

Danilo S. Calumag

(054)-473-9895

Legazpi City

Marlyn J. Paje

(052)-480-5519

Bacolod City

Renato D. Katipunan

(034)-434-7755

Iloilo City

Job T. Nepomuceno

(033)-335-1180

Kalibo, Aklan

Leonora S. Templonuevo

(036)-262-7030

Cebu City

Lorenzo C. Zafico

(032)-254-0973

Dumaguete City

Paulita C. Enrile

(035)-225-3464

Tacloban City

Romulo N. Añover

(053)-325-9121

Davao City

Cesar L. Balan

(082)-227-9051

Cagayan de Oro City

Agustin F. Lacbayo

(088)-857-1554

Cotabato City

Perry B. Dequita

(064)-421-7370

General Santos City

Sonia S. De Los Reyes

(083)-552-1903

Ozamiz City

Ruben S. Badon

(088)-521-0979

Zamboanga City

Demetrion E. Casipong

(062)-991-2151

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