BSP urges public: Give e-aguinaldo instead of cash“Using electronic wallets and online banking offers a safe and more convenient way to send cash gifts during the Christmas season,” the central bank said in a statement. MANILA, Philippines — With the expected surge in demand for banknotes in this season of gift-giving, the Bangko Sentral ng Pilipinas (BSP) is urging Filipinos to consider using digital or electronic money or e-aguinaldo instead of cash gifts to godchildren, family and friends. “The public is encouraged to transact with BSP-authorized banks for currency exchange to avoid ‘service fees’ imposed by individuals or other parties,” the BSP said. “Meanwhile, the BSP continues to produce fresh banknotes and coins to make these available in banks in anticipation of the expected surge in currency demand during the Yuletide season,” it said. “The BSP continues to produce fresh banknotes and coins to make these available in banks in anticipation of the expected surge in currency demand during the Yuletide season,” the statement read.

Source: Philippine Star December 22, 2025 16:07 UTC