Issue of October 1, 2017
Mt. Province

Panagbenga Flower Festival
Other Links:
Public urged to help address coin shortage via recirculation
by Gaby B. Keith / PIO

Mayor Mauricio Domogan signed the resolution approved by the city council urging all malls, shopping complexes, retail stores and/or their outlets and other similar establishments to politely encourage their customers and patrons to use coins and/or exchange coins at their place of business for an improved and efficient coin recollection system.

Resolution 325, s. 2017, introduced by Councilor Leandro Yangot, Jr., cites a study conducted by the Bangko Sentral ng Pilipinas revealing that an artificial shortage and ineffective circulation of coins in the country exists but declaring that there is no actual shortage of coins.

As of Dec. 31, 2016, the BSP reported there are 26.53 billion pieces of coins valued at P29.63 billion in circulation.

The resolution states that the BSP has identified reasons and causes of the perceived shortage of coins or keeping coins idle either by using these as washers, throwing away at natural pools; or hoarding inside bank vaults, piggy banks and drawers.

It added that to help promote the regular use of coins, the BSP has examined retailers and business associations that has the towering demand for coins particularly the lower-denominated ones, as major stakeholders in assuring that the public fully realize the importance of coins and inculcate the habit of regularly in paying and disbursing and giving exact change.

The resolution was based on the report and recommendation of the city council’s committee on market, trade, commerce, and agriculture.

Your Ad Here

BFP inspects 19,000 biz establishments for 2017

Mandatory registration of transient residents mulled

Solon pledges increased fund support for MSMEs

Consumer Month to be launched on Oct 3

Tabuk CCO is CARís bet in award

PH and Thailand to work on 8 S&T areas

PWU Baguio
Technical Education & Skills Development Authority – CAR
University of Baguio

Baguio Central University
Baguio Country Club
Benguet Electric Cooperative Inc.
Bureau of Fisheries and Aquatic Resources – CAR
Congressman Ronald M. Cosalan
Department of Health – CAR
John Hay Management Corporation
National Grid Corporation of the Philippines
New Media Services
Pag–IBIG Fund
Pines City Colleges
Sangguniang Panlungsod

Assumption Medical Diagnostic Center
Baguio Center Mall
Baguio Water District
Choobi Choobi
Congressman Mark O. Go
Councilor Leandro B. Yangot Jr.
Curamed Pharmacy
Department of Environment and Natural Resources – CAR
Department of Public Works and Highways – CAR
Department of Science and Technology
Fabulo Beauty and Image Salon
Far East Pacific Commercial
Filipino–Japanese Foundation of Northern Luzon, Inc.
Ganza & Solibao Restaurants
Gen. Benjie B. Magalong
GMS Technology
Governor Crescencio C. Pacalso
Mayor Mauricio G. Domogan
Mayor Romeo K. Salda
Mother Earth Deli Basket
Nagomi Spa
Narda’s / Sunflower Ridge
Northern Luzon School for the Visually Impaired, Inc.
Our Lady of Mt. Carmel Montessori, Inc.
Philex Mining Corporation
Police Regional Office – CAR
Regional Development Council – CAR and National Economic and Development Authority – CAR
Regional Tripartate Wages and Productivity Board – CAR
SN Aboitiz
Tony Boy Tabora
Veterans Bank

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