By BSP

April 8, 2025

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, Inc. (BMI) has joined the roster of financial institutions that facilitate the exchange of unfit banknotes and coins for fit or clean ones under the “Piso Caravan” program of the Bangko Sentral ng Pilipinas (BSP).  With the addition of BMI, there are now 141 participating financial institutions in the Piso Caravan.

On 24 March 2025, BMI President Luis M. Chua and officials signed a pledge of commitment to support the Piso Caravan during a ceremony at the BSP head office in Manila. They were joined by BSP Assistant Governor Rosabel B. Guerrero and officials from BSP North Luzon and Greater Manila regional offices.

Under the Piso Caravan, participating financial institutions assist in the replacement of unfit and mutilated currency, encourage the recirculation of idle coins, and promote awareness of proper currency handling. 

Led by the BSP’s regional offices and branches, the Piso Caravan strengthens the implementation of the BSP’s Clean Note and Coin Policy and the Coin Recirculation Program.