Friday, July 04, 2014

“THOU SHALT NOT KEEP YOUR OWN COINS”

Thus reads the  eleventh commandment given by an illustrious, brilliant and judicious lawmaker deeply imbued by the welfare of the people, truly caring for the good of the Country, really committed to the great future of the Philippines.  The commandment is a milestone in the wisdom, care and concern of Congressmen for the people they represent.  The commandment is both surprising as well as fabulous.  Much wisdom and profound thoughts must have accompanied the writing, discussing and passing of such fundamental, intriguing and novel legislation.  

Congressmen have distinct titles attached to their names.  They receive big salaries, big perks, not to mention likewise big porky slices.  They go to and leave the Hall when they like.  They go on official breaks as well as personal day-offs when they wish.  They wear distinct apparels.  They have luxurious cars with sacred plate numbers.  They usually have their respective bodyguards and customarily live in luxurious homes.  They live like princesses as a matter of curse – with their king staying in the palace.

Most of them must have millions of pesos – at least – in different banks.  This is not to mention the various investments they have.  And this is neither mentioning the cash they have in their safes, they keep in their pockets, they deposit in different accounts.  Nor is mention made here of the shares of stocks they keep and trade with.  But then, something interesting as well as disgusting, intriguing as well as frustrating came about from their hallowed Hall.  It raised eyebrows.  It raised questions.

Quite recently, it was published loudly and boldly that as above said, an eleventh commandment was nonchalantly given from the illustrious halls of Congress – through the initiative of an illustrious congressman.  The sacred and hallowed commandment somehow goes like this:  Keeping – saving, collecting, accumulating --  coins shall be punishable by law.  In other words, coins should not be saved but spent, should buy things, not kept. Coin jars are taboo.  Piggy banks are banned.

Some simple questions then came to mind:  Which coins – the new or the old ones?  How much coins – 100, 500, 1000 peso amount of coins or what?  How then do mothers keep their change?  What do parents tell their children about saving money?  Are piggy banks now taboo?  Are the coins kept or saved by children and adults alike, not really theirs?  Are there now penalties for keeping one’s own money, by saving one’s own coins?

If coins are wanting, why does not the Central Bank have coins minted as usual and accordingly circulated as usual too?  What’s wrong – really?