CoDM Collections Hit PHP1B

​​The Bangko Sentral ng Pilipinas (BSP) has collected more than PHP1 billion through its Coin Deposit Machines (CoDMs) as of 11 October 2024, just over a year since the project’s launch in June 2023. The total coin collection has reached PHP1,008,889,490.24.

Building on this success, the BSP will expand the project by installing 25 more CoDMs nationwide in 2025. This will make it more convenient for Filipinos to deposit their idle coins, helping recirculate them back into the economy while promoting cashless transactions​.

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​ BSP Wins Award for Coin Deposit Machine Project

29 May​ 2024​

The Bangko Sentral ng Pilipinas (BSP) received the “2024 Excellence in Currency Technical Award” for its Coin Deposit Machine (CoDM) Project from the International Association of Currency Affairs (IACA).​

​IACA cited the CoDM project as a “best new cash cycle innovation which improves efficiency, effectiveness, safety, environmental protection, resiliency, and security of the distribution and circulation of cash for improved access, acceptance, and authentication.”​

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BSP Coin Machines Mark 145.5 Million Coins Processe​d

23 February​ 2024​

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.​

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BSP's Coin Deposit Campaign Bags Anvil Silver Award

10 February​ 202​4​

Bangko Sentral ng Pilipinas (BSP) Deputy Director Jann Ryan D. Jose (right) and Bank Officer Samantha Franchezka S. Ching (middle) received the Anvil Silver Award from the Public Relations Society of the Philippines (PRSP) on behalf of the BSP during the “59th Anvil Awards Gabi ng Parangal” on 31 January 2024 in Pasay City.

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BSP's Coin Deposit Machines Convert Millions of Idle Coins into E- Wallet Credits and Shopping Vouchers

17 October​ 2023​

The Bangko Sentral ng Pilipinas (BSP) is encouraging Filipinos who have accumulated idle coins to convert these to e-wallet credits or shopping vouchers by using Coin Deposit Machines (CoDM) installed at selected shopping malls in the country.

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BSP Deploys More Coin Deposit Machines

10 October ​2023​

In response to growing demand, the Bangko Sentral ng Pilipinas (BSP) has deployed 15 additional coin deposit machines (CoDMs) in the last few weeks, bringing to 25 the total number of units available across the Greater Manila Area. The first CoDMS were launched last June.​

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BSP CoDMs Accept Over PHP87.4M in Coin Deposits Since June Launch

22 September ​2023​

The Coin Deposit Machines (CoDMs) of the Bangko Sentral ng Pilipinas (BSP) have accepted over PHP87.4 million worth of coins with over 20,000 transactions in 3 months since its launch on June 20.​

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BSP, Partner Retailers Launch Coin Deposit Machines

20 June 2023

The Bangko Sentral ng Pilipinas (BSP) and its partner retailers launched the Coin Deposit Machines (CoDM) today, 20 June 2023, to promote efficient coin recirculation in the country. Through the CoDM project, the BSP encourages the public to deposit their idle coins stored in their jars, piggy banks, and other containers in accessible, convenient, and efficient coin exchange facilities in participating malls.

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