More than P1.3 billion in coins deposited through BSP’s machines

The Bangko Sentral ng Pilipinas (BSP) revealed online recently that the overall collection of its coin deposit machines (CoDMs) has surpassed P1.3 billion The latest statistics are accurate of as February 15, 2025.

Based on the latest statistics, a total of P1,308,208,203.18 (5.89% higher than the previous count of P1,235,393,307.96)in coins got deposited into BSP machines on 299,457 transactions from customers. In terms of physical quantity, 326,188,289 coins were deposited.

Doing the math on the latest statistics, customers averaged P4,368.6012 per transaction at the machines (compared to the February 15, 2025 average of P4,335.1088 per transaction). As for the grand total Peso amount divided by the number of coins deposited, the average is P4.011 per coin deposited (previous average was P3.9764 per coin deposited)

When it comes to the number of coins involved with each transaction, 326,188,289 coins divided by 299,457 transactions resulted in an average of 1,089.2659 coins per transaction (a slight drop compared to the previous average was 1,090.2030 coins per transaction).

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the BSP should install more coin deposit machines, especially in the Visayas and Mindanao regions? How was your experience the last time you tried to deposit your loose change into the nearest BSP coin deposit machine? Whenever you deposited your coins, do you transfer the value to GCash or Maya, or convert the value into shopping vouchers?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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