A lawmaker wants hoarding of Philippine coins to be criminalized and hoarders penalized with eight years imprisonment and a fine of not less than P300,000.

Rep. Jerry Treñas of Iloilo City, author of House Bill 1662, or the proposed Anti-Hoarding of Philippine Legal Tender Coins Act of 2013, said hoarding of coins of any denomination is causing an artificial shortage of small denominations of currency in the country, which is seen as the reason for the lack of small change in various establishments.

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