Case of the Missing Coins

Manila Bulletin, February 14, 2010 | Go to article overview

Case of the Missing Coins


(Concluded from last week)Five years ago, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) created a special committee to address the problems arising from the circulation of Philippine currency — challenges which persist up to the present.BSP Governor Amando Tetangco Jr., who was then the first chairman of the Currency Management Committee (CuMC), stressed the importance of creating such a committee because of three main concerns: The perceived shortage of coins in some regions in the country, the indications that coins are not being circulated effectively, and the need for BSP to produce more coins to make up for those not in circulation. The production cost runs into millions of pesos.Last week, I discussed the main reason behind the country’s perennial shortage of coins, particularly the lower-denominated ones: The negative attitude and low regard for small currency.Instead of using coins to purchase goods (and in effect circulating them in the market where they rightfully belong), many Filipinos consider them as “excess baggage” and leave them at home.The practice of keeping coins in piggy banks for a long time also leads to this artificial, but persistent, shortage of coins.The BSP sees another reason behind this problem: Coin smuggling.Dr. Paterson Encabo, head of BSP’s Mint Refinery Operations Division (MROD), explained that in the last two years, there have been some attempts to smuggle out coins, particularly one piso, because of the increased international demand for copper and nickel.Encabo explained this was because of the higher metal content of one piso coins belonging to an earlier series. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Case of the Missing Coins
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.