PUBLIC HEARING ON DRAFT IRR FOR NO SHORT CHANGING ACT
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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