PUBLIC HEARING ON DRAFT IRR FOR NO SHORT CHANGING ACT

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On 24 Oct. 2016, DTI held a public hearing at its Manila office to get the final inputs of stakeholders for the Internal Rules and Regulations (IRR) of the “No Short Changing Act of 2016.” Present were representatives from the legal department of various retailers. BSP had to defend itself with the ample supply of small denomination coins being issued yearly but lacking in proper circulation for retailers to use.  Seated beside STC are Fishermall’s Eric Manuel (in white) and Mercury’s Atty. Edsel Manuel. An Act has 60 days from enactment to complete its IRR for proper implementation/enforcement. DTI set a series of regional meetings to get retailers’ input on this matter.

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