House bill seeks to criminalize hoarding PHL coins (Unsaon nalang akong alkacya ani)

[jude86]

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House bill seeks to criminalize hoarding PHL coins | News | GMA News Online

if a bill filed in the House of Representatives is passed into law, hoarding Philippine coins may become a crime with the offender facing up to eight years in jail.

House Bill 1662, the proposed Anti-Hoarding of Philippine Legal Tender Coins Act of 2013, filed by Iloilo Rep. Jerry Treñas also provides for a fine of at least P300,000.

"The unscrupulous practice of hoarding of coins is tantamount to economic sabotage and is creating an artificial shortage of coins," Treñas said in a news release.

In his bill, Treñas said hoarding coins of any denomination may cause an artificial shortage of small denominations of currency.

He cited how many establishments have lacked small change.

The proposed bill criminalizes the keeping or possession of coins of any denomination exceeding the allowable aggregate value, number of pieces and weight "to be determined by the Bangko Sentral ng Pilipinas (BSP) by any person, corporation, partnership, association or any other form of juridical personality."

The bill seeks to stop the alleged practice by syndicates of hoarding coins, which are smelted and converted into other materials for industrial uses.

Treñas added the Bangko Sentral ng Pilipinas will be the proper agency to enforce and implement the proposed act.

Exempted from the bill's coverage are charitable institutions, private banks, banking and financial institutions of the government, and government agencies and instrumentalities that "hold or keep such coins in connection with their official duties."

The bill lets the BSP "review and change, if needed, the aggregate amounts every three years based on the prevailing value, supply and demand of legal tender coins." - VVP, GMA News

Nah, Unsaon nalang akong alkancya ani. Maypa ang gi tago-an nga kwarta sa banko nga gikan sa corruption dili dakpon. hehehehe saon pud ning uban ang kwarta hilison man pud nila daw himoong silver, tinuod?

[kit_cebu]

maayong dapogon ning ilonggo nga congressman...
unsaon daw pag-implement ani? mag-tagsa2x ug sud kada balay?

some people alive because it's illegal to kill them...

[twEATer]

Gamay ra man cguro ng alkansya TS. Personally, mao ni ako nabantayan sa Cebu ang kakulang sa mga coins. Usually ang flow sa sinsilyo man gud tua sa ATM, Hulog-hulog piso or any hulog-hulog machines that need coins to operate, after kuha sa box ang halin ipatibuok sa banko. Ang coin circulation nahunong na diretso kay naa na sa bank. Kasagara ra ba dyud bank tapulan kaayo dili mahangyo kung magpasukli ka ug tibuok to coins.

[edoy]

nahurot na diay ug palusot ang mga kinilo nga tagmamiso, way back 5 to 6 years ago, kusog kaayo tong palusot sa piso nga naay sagul silver unya didto e epalusot padung sa korea kay tunawon para sa lain nga piesa........

[sizzlingROBOT]

Mas malipay ko kun i.scrap ninyo ang pork barrel. Pila ra man nang sinsilyo compara sa billions na pork barrel?

[Rakizta]

this bill is absurd ....way ayo og di importante nga di angay tagaan og importansya

[redshields]

this bill is absurd ....way ayo og di importante nga di angay tagaan og importansya

i think this is important. kahinganlan man gud nga mucirculate ang coins. daghan man individual and businesses affected ani so this bill is not absurd. its also one way of helping the economy. ang problema unsaon pag implement.

[digitalsuperman]

kanang imong alkansiya ayaw kabalaka ana.it should help you pay the bail..

[<SMILE>]

If they can take out the the precious metal out from the coins,
then I think that would solve the problem.

[Kristiano]

Naa bay balaod na bawal ang pag.export sa coins? I heard gipang tunaw sa gawas mao nagkanihit dre...