BSP and Rang-ay Bank Peso Caravan
- May 7, 2024
The Bangko Sentral ng Pilipinas (BSP) and Rang-ay Bank Inc. held a currency exchange activity in San Fernando City Main branch, La Union last March 21, 2024.
The currency exchange counter at Rang-ay Bank (main office) opened on 21 March 2024 for those who wish to exchange unfit and mutilated currencies. The BSP together with Rang-ay Bank Inc. adopts a Clean Note and Coin Policy for the effective withdrawal of unfit and mutilated currencies in circulation as means to maintain the integrity of Philippine banknotes and coins.
The collaboration between the Bangko Sentral ng Pilipinas (BSP) and Rang-ay Bank Inc. underscores a broader commitment to maintaining the integrity and reliability of the Philippine monetary system. By implementing a Clean Note and Coin Policy, both institutions aim to ensure that only high-quality banknotes and coins are in circulation, promoting confidence in the country’s currency among businesses, consumers, and visitors alike.
