USL wins ‘Gold Hall of Fame’ in BSP’s coin recirculation program

Tuguegarao City – The University of Saint Louis, through its School of Accountancy, Business and Hospitality (SABH), has won the coveted “Gold Hall of Fame” from Bangko Sentral ng Pilipinas Tuguegarao Branch, after the bank named USL as 2019 Outstanding Regional Partner for Coin Recirculation Program, an award the University has earned for three years in a row since 2017.

Same award was bestowed by BSP to USL in 2015, a year after the inception of the program in 2014.

The Junior Financial Executives of the Philippines (JFINEX) USL Chapter of the SABH takes initiatives in collecting low denomination coins, at 25 centavos or lower, and exchanges them with the BSP Tuguegarao. The amount in exchange is given back to those who gave the low denomination coins.

For the 2019 search, JFINEX exhanged a total of 142,143 pieces of low denomination coins amounting to P28,820.00.

The  Coin Recirculation Program seeks to promote greater public participation in flushing out idle low-denomination coins for the proper use of the Philippine currency to ensure currency integrity.

“The intensified BSP campaigns conducted with the academe is worth sustaining – especially with the participation of the youth in appreciating the value of legal tender low denomination coins,” Mr. Dante Cambri, research specialist of BSP Tuguegarao, said in a BSP article.

Meanwile, the University, through the University Libraries, is a Knowledge Resource Network (KRN) partner of BSP.

On behalf of the University, Mrs. Michelle A. Abella (center left in first photo), director of Libraries, and Mrs. Mary Ann C. Bartolome (center left in second photo), Business Administration program chair, receive the Gold Hall of Fame and 2019 Outstanding Regional Partner awards from BSP officials during the Awards Ceremony, September 3 at the Crown Pavilion here in the City.

According to BSP Governor Benjamin E. Diokno as quoted in the BSP website, “The KRN promotes financial literacy by providing easy access to financial information. Citizens who are able to make informed financial and economic decisions are seen as strong partners in fostering economic development.”

The USL College Library houses the BSP Knowledge Resource Collection where BSP publications are displayed.

BSP partners with libraries administered by national government agencies, local government units, state universities and colleges, and private schools across the country for the network.