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UCU GS Research Journal
PEOPLE AWARENESS ON BSP’s CLEAN NOTES AND COINS POLICY AND
THEIR PRACTICES IN HANDLING BANKNOTES AND COINS
MARVIN T. CABUSAS

This study aimed to assess the extent of awareness of the respondents on BSP’s Clean
Notes and Coins Policy and their practices in handling bank notes and coins in Dagupan City.
Specifically, this investigation attempted to determine profile of the respondents in terms of
age, gender, civil status, highest educational attainment, occupation, employment status and
number of years in service; the respondents’ assessment on the level of implementation of the
BSP’s clean notes and coins policy; the extent of awareness of the respondents on BSP’s clean
notes and coins policy; the significant differences in the respondents’ extent of awareness and
practices in handling bank notes and coins across their profile; and the proposed intervention
measure needed to educate the public on BSP’s clean notes and coins policy.
The following are the salient findings of this formal inquiry: Majority of the respondents
were in their 20s, females, married, college graduates, permanently employed and with less
than 10 years of work experience. The respondents perceived as “implemented” the level
of implementation on BSP’s clean notes and coins policy in terms of Information/Awareness
Campaign and Enforcement Activities. The respondents rated themselves as “moderately aware”
about BSP’s clean notes and coins policy in terms of classifying the notes and coins. In terms of
identifying fit currency notes and coins, it was perceived as “aware.” The respondents perceived
as “slightly practised” their common practices in handling banknotes and “not practised” in
handling coins.
Based on the findings of the study, the following conclusions were drawn: Awareness
of the respondents in classifying bank notes and coins varies according to their maturity and
academic preparation. Occupation, civil status , employment status and length of service are
sources of variation in the respondents’ common practices in handling bank notes. On the other
hand, academic preparation, type of work, civil status, and experience are sources of variation
in the respondents’ common practices in handling coins.
In the light of the foregoing findings and conclusions, the following recommendations
are forwarded: The Bangko Sentral ng Pilipinas (BSP) should enhance its information/awareness
campaign on the clean notes and coins policy by conducting regular visits to agencies and offices
and by placing advertisements on radio, TV and print media. The BSP should strictly enforce
the provisions of the clean notes and coins policy by issuing warnings to would-be violators
and by filing appropriate cases against violators in the proper courts. The BSP should conduct
regularly seminars and trainings on the proper classifying, identifying and handling currency
notes and coins. The BSP should conduct regular monthly meetings with the media to ensure
wider dissemination on the provisions of the clean notes and coins policy.
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