ILOILO CITY (PIA6) -- The Bangko Sentral ng Pilipinas (BSP)-Iloilo, during the second leg of the two-day Piso Caravan from July 7 to 8, 2023, has urged the public to exchange their mutilated coins and banknotes for brand-new BSP banknotes or digital cash.

BSP-Iloilo Area Director Joanne Marie Castelo, in an interview, said that the public can still exchange their old money even after the caravan as the BSP launched its month-long “Sinsilyo Kambyuhan Mo” program.

“For the whole month of July, every Wednesday and Thursday from 10 am to 12 noon sa office, pwede makakadto ang public to change their unfit coins to new notes para ma-mapping out namon sa mga alkansya and ma-recirculate ang coins,” Castelo said.

Aside from exchanging their old coins and banknotes, the public were also given the opportunity to open digital wallets and online bank accounts with some participating financial service providers (FSP) such as Gcash, PalawanPay and Bank of the Philippine Island (BPI), and LandBank of the Philippines.

Castelo explained that the activity aims to build up the BSP Clean Note and Coin Policy, and the Coin Recirculation Program in order to preserve the country’s currency integrity, promote financial inclusion, and further digitalization advocacy.  (AAL/JNH/PIA 6 Iloilo)