News

Retail Banking

Staff Reporter

, Philippines

Published:

20 days ago

Photo shows Bangko Sentral ng Pilipinas (BSP) Assistant Governor Rosabel B. Guerrero (second row, second from left) with Bank of Makati, Inc. (BMI) President Luis M. Chua (first row, second from left) at the Piso Caravan pledge of commitment signing ceremony on 24 March 2025. They were joined by (first row, from left) BMI Branch Banking Group Head Lynn L. Sy, BMI Corporate Treasurer Shirley O. Tan, and BMI Branch and Central Operations Group Head Angelo Michael C. Plata, (second row, from left) BSP Greater Manila Regional Director Ruth C. Gonzaga, BSP North Luzon Regional Director Noel Neil Q. Malimban, and BSP Deputy Director Mark Jason A. Cagalingan.

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).

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Bangko Sentral ng Pilipinas

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