BSP calls for criminalisation of ‘extreme’ coin hoarding


The Central Bank of the Philippines (BSP) has called on politicians to ban the hoarding of “extremely large” volumes of coins.

“Coin hoarding results in the inefficient circulation of coins and prevents their primary use as [a] medium of exchange,” said the BSP in a statement published on October 3.

Hoarding can also result in inefficient transactions and a shortage of coins, ultimately disrupting the financial system, said the central bank.

The renewed proposal – Congress has previously

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: