Bank of Makati joins the Philippines’ “Piso Caravan” program

There are now 141 financial institutions participating in the program, the central bank said.

Bank of Makati (BMI) has joined the Philippine central bank’s “Piso Caravan” program.

Under the program, BMI will exchange unfit and mutilated banknotes and coins for fit or clean ones.

It also aims to encourage the recirculation of idle coins, and promote awareness of proper currency handling.

There are now 141 participating financial institutions in Piso Caravan, according to the Bangko Sentral ng Pilipinas (BSP).