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MOA signing with participating retailers for the Coin Deposit Machine Project

· Felipe M Medalla, Governor of the Bangko Sentral ng Pilipinas (Philippines)

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· Felipe M Medalla Wiki · Bangko Sentral ng Pilipinas WikiMOA signing with participating retailers for the Coin Deposit Machine Project

ContextClosing remarks by Felipe M Medalla, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the MOA signing with participating retailers for the Coin Deposit Machine Project, Manila, 16 August 2022.

Why it mattersMedalla tackles coin shortages with machines in shops.

Problems raised
  1. Coins are not recirculating.
  2. Coin shortages exist.
  3. Retailers need solutions.
Solutions proposed
  1. Launch the Coin Deposit Machine project.
  2. Partner with retailers.
  3. Recirculate coins efficiently.
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