Centavo coins are still considered legal tender

Other netizens also shared similar experiences, saying they are often told, “Wala nang nagbabayad ng ganyang barya.”

BSP regulations on centavo coins

Under Bangko Sentral ng Pilipinas (BSP) Circular No. 1162, Series of 2022, low-denomination coins (25-, 10-, 5-, and 1-centavo) are legal tender for single transactions worth up to ₱200. Payments may only be refused if they exceed this limit.

In a 2023 advisory, the BSP and the Department of Trade and Industry (DTI) reminded businesses and consumers to continue accepting centavo coins and folded polymer banknotes as legal tender for payments and other financial transactions.

The agencies added that establishments and other service providers that refuse to accept centavo coins may be reported to the DTI hotline or complaint center.

What to do if your centavo coins are rejected

As inflation has risen over the years, the reduced purchasing power of centavo coins may be one reason some merchants refuse them. Others speculate that the refusal stems from the inconvenience of handling small-denomination coins.

“Mahirap kasi bilangin. Confusing kasi di naman very significant ang itsura sa ibang coins. Pag nagmamadali pwedeng malito,” a user commented.

For quicker transactions, consumers may consider bundling centavo coins into standard amounts before paying. If the coins are still refused, they can be exchanged at select mall customer service counters or deposited into a bank account.

Consumers have the right to use Philippine currency regardless of denomination. As long as centavo coins remain in circulation and the payment is within the BSP’s legal tender limit, they should be accepted as valid payment for covered financial transactions.

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