Coin collectors beware.
Senator Manuel Lapid has filed a bill to penalize the hoarding of coins to avoid coin shortage.
Citing figures from the Bangko Sentral ng Pilipinas (BSP), Lapid said there should be around 17.34 billion coins–worth around P18.94 billion–in circulation. He said that would mean around 184 coins per Filipino.
“To enterprising crooks, this volume of coins in circulation is a goldmine. Recent valuation of the worth of the country’s coinage [...]