BSP to launch P20 coin, enhanced P5 coin in December
The Bangko Sentral ng Pilipinas announced it would launch the coin version of the P20 bank note by December.
BSP said the design and features of the P20 coin would be easily distinguishable from the other coins.
The P20 bill is the most used denomination among the bank notes because of its small value.
According to the BSP, the P20 coins will be be released into circulation by 2020. The P20 bills will eventually be phased out.
There are currently six coins in use which received a major overhaul last year.
Meanwhile, the BSP will also come out with a new P5 coin following complaints that the existing one is too similar to the P1 coin.
“Pretty soon, there will be no more confusion between the P1 and P5, which will have a wave design on its edge,” the BSP said.
People welcomed the good news from.the central bank.
THANK THE LORD https://t.co/QxrIlwGGku
— Nathan Paul Dosdos (@thehumanpanda22) October 14, 2019
O, 'di ba, inamin din nila na ang laking katangahan ng disenyo ng bagong coins. https://t.co/YH8g97t95j
— Marc (@marc_na_pula) October 14, 2019
Panibagong gastos ng gobyerno dahil sa palpak na trabaho. Efficiency u're saying? https://t.co/wvSCh0gFlz
— rhum-mean gurl (@idfc1234567890) October 14, 2019
There were some who took this opportunity to request for a new P10 coin.
My god pati 10 pesos coins pwede ibahin niyo kulay or style. https://t.co/hJcJgoxLvf
— haya 🐰 (@hayy0412) October 14, 2019
just stop changing the damn coins. fuck. https://t.co/KJ164T78WH
— b e l l a #igot7💚🐥 🌴 (@ISABE77ABE77A) October 14, 2019