Issue of November 12, 2017
Mt. Province

Panagbenga Flower Festival
Other Links:
Coins exchange desk to open
by Rimaliza A. Opiña

Time to break those coin banks and have your loose change exchanged at the Bangko Sentral ng Pilipinas.

The BSP La Union regional office will open a coin exchange counter at its Baguio gold buying station at the RCBC building, Session Road.

From Nov. 14 until Dec. 22, idle coins may be exchanged. The program is the BSP’s way of recirculating coins.

The coin exchange counter is open every Tuesday, Wednesday, and Friday from 2 to 4 p.m.

The coins to be exchanged must be free of adhesive tape and segregated per denomination.

Since 2005, the BSP created a Currency Management Committee to address problems arising from the circulation of Philippine currency.

The committee was created to address the perceived shortage of coins in some regions of the country; to address indications that coins are not being recirculated effectively; and the need for the BSP to produce more coins which would translate into significant costs because coin production entails negative seigniorage, or the intrinsic value of the coin is greater than its nominal value especially for the lower-denominated coins.

Meanwhile, the BSP established a new deadline for the exchange of the new design series banknotes to the new generation currency banknotes. The extension is in response to public clamor.

The exchange shall be accommodated without charge at the BSP Cash Departments in Manila and Quezon City branches.

The BSP will replace for a maximum amount of P100,000 per transaction. Exchange of larger amounts may be allowed but payable only by check or direct credit to a bank account.

Your Ad Here

Meeting planned to settle issues on use of Perfecto St

DTI assures ASEAN not a threat to local businessmen

Unemployment insurance as SSS benefit under study

City ready to bid out 35 slots in market after lapse of contract

Strong support for farmers needed to achieve efficiency

5th Negosyo Center in Kalinga opens

Albergo Hotel and Residences
Baguio Country Club
University of Baguio
Venus Parkview Hotel

Baguio Central University
Benguet Electric Cooperative Inc.
Cong. Mark O. Go
Cong. Ronald Cosalan
Department of Education – CAR
Department of Health – CAR
Gov. Crescencio Pacalso
Lepanto Consolidated Mining Company
Narda’s and Sunflower Ridge
National Grid Corporation of the Philippines
Pines City Colleges
Sangguniang Panlungsod
SM City Baguio
University of the Philippines Baguio

Assumption Medical and Diagnostic Center
Baguio Center Mall
Baguio Water District
BSBT College, Inc.
Bureau of Internal Revenue
BVS Colleges
C &Triple A Supermart
Councilor Edgar M. Avila
Curamed Pharmacy
Department of Environment and Natural Resources – CAR
Department of Interior and Local Government – CAR
Department of Public Works and Highways – CAR
Fabulo Beauty and Image Salon
Far East Pacific Commercial
Filipino–Japanese Foundation of Northern Luzon, Inc.
GMS Technology
John Hay Management Corporation
King’s College of the Philippines
La Funeraria Paz, Inc.
Mayor Mauricio G. Domogan
Mother Earth Deli Basket
Overseas Workers Welfare Administration – CAR
Philex Mining Corporation
Police Regional Office – CAR
STI Baguio

Home | About Us | Editorial Policy | Contact Us  
News | Opinion | Snapshots | Week's Mail | Obituaries  
Copyright © 2007-2015. All Rights Reserved.