The BSP is deploying coin deposit machines, or CoDMs, in partner retail establishments across the Greater Manila Area to encourage the public to deposit their idle coins in the CoDMs and to promote efficient coin recirculation in the country.
Through the CoDM project, the BSP aims to address the artificial coin shortage in certain areas of the country and help ensure that only fit and legal tender currency is readily available for public use.
23 February 2023
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.
Read more...
10 February 2023
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.
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.
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.
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.
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.
Your feedback matters to us! Scan the QR code and answer our User Experience Survey.
For other CoDM-related concerns, email us at codm@bsp.gov.ph
Thank you for visiting our website.
Would you like to answer a survey to let us know how we can improve your experience?
