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It was in the news late last week. We are running short of coins. So what do we do?
When we were little, we were told to keep coins in our piggy banks. Oh, I remember having this porcelain piggy bank which my parents would always tell me to “feed”. And when it was filled with coins, I refused to break Dabiana (my piggy bank’s name). Instead, my dad made me a huge bamboo coin bank.
Now we’re running short of coins. Does that mean no more feeding the piggy banks?
Getting the young ones a piggy bank had been part of Filipino tradition. It’s our parents way of teaching us how to save. Keeping coins in our piggy or bamboo coin bank is a young one’s ‘practice’ for what he might have to learn when he grows up.
As written in an AP article on Yahoo!, hoarding coins is “hurting monetary authorities”. If you keep four 25 cents (one peso), the central bank will have to spend two pesos for each 25 cent you keep. See their dilemma?
Remember Pondong Batangan? We had a couple of those tin cans at home, all filled with coins. I still have my froggy bank (no more Miss Piggy nowadays) with 25 cents which I always consider loose change.
So is it goodbye now to Miss Piggy and the good ol’ bamboo coin bank?
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