Say goodbye to your P20 banknotes. The Banko Sentral ng Pilipinas has released a coin version of the 20-Piso bill which will be available starting January 2020.
BSP said that according to a study by the University of the Philippines, the 20-Piso banknote is the most-used denomination for payments across the country. As a result, it is easily rendered unfit for circulation and returned to the BSP for replacement.
An enhanced 5-Piso coin is also in the new generation of currency to be released next year. This time, BSP got it right to differentiate it from other coins. BSP brings back the design of a coin with edges. The design of the country’s newest coins is approved by the President of the Philippines. The BSP enjoins the public to properly use and recirculate our Philippine coins for their economic and cultural value. Watch the video below:
What can you say about the new coins? Leave your comments below!