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BUSINESS

LOOK: Newly designed


Philippine coins
The Bangko Sentral ng Pilipinas says the new coins will coexist with the old coins in
circulation

Rappler.com
Published 6:00 PM, March 26, 2018
Updated 6:00 PM, March 26, 2018

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MANILA, Philippines – Newly designed Philippine coins are out.

The Bangko Sentral ng Pilipinas (BSP) released the complete New Generation
Currency (NGC) Coin Series on Monday, March 26. It features new designs for the 10-
peso, 5-peso, 1-peso, 25-centavo, 5-centavo, and 1-centavo coins.

The new coins will coexist with the old coins in circulation.
"The existing coins (BSP Coin Series) shall remain as legal tender and can be used
alongside the NGC Coin Series for day-to-day transactions to pay for goods and
services, until such time as the BSP calls for their demonetization," the central bank
said in a statement.

The BSP described the NGC coins as having a "metallic silver" appearance, adding that
these are "made from durable nickel-plated steel that possess very good wear and
corrosion resistance."

The NGC coins feature the BSP logo, national heroes, and endemic flora, consistent
with the design of the NGC Banknote Series launched in 2010 which shows Philippine
fauna.

The 10-peso coin, in particular, features Apolinario Mabini on its face and the kapa-kapa
plant on its reverse side. It has milled edges.

The 5-peso coin, which was released early back in December 2017 to mark the
154th birth anniversary of Andres Bonifacio, features Bonifacio on its face and the
tayabak plant on its reverse side. It has smooth edges.
The 1-peso coin features national hero Jose Rizal on its face and the waling-waling
plant on its reverse side. It has an intermittent reeded edge.
All of the new centavo coins feature a stylized 3-stars-and-a-sun motif from the
Philippine flag, along with different indigenous plants on the reverse side.

The 25-centavo coin has a katmon flower and a plain edge.

The 5-centavo coin has a kapal-kapal baging plant and a reeded edge.
The 1-centavo coin has a mangkono flower and a plain edge.
While the BSP said it began circulating the new coins on Monday, the NGC Coin Series
will be formally launched in July to coincide with the 24th anniversary of the central
bank.

The BSP previously noted that the NGC Coin Series uses the latest technology in
minting coins and features enhanced security to deter counterfeiting as well as improve
wear and corrosion resistance capabilities.

In particular, it highlighted that "micro-printed details using laser-engraving technology


were included" in the 10-peso and 5-peso coins, "which makes it difficult for these coins
to be duplicated using traditional coin counterfeiting methods."

The metallic composition of the NGC coins also discourages the illegal practice of
hoarding large quantities of coins for the extraction of their metal content, added the
BSP. – Rappler.com
Filed under:BSPNGCNGC coinsNew Generation CurrencyNew Generation Currency coinsPhilippine
coinsPhilippine pesopeso coinsBangko Sentral ng Pilipinas
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BUSINESS

BSP releases new P5 coin


to honor Andres Bonifacio
The central bank will circulate the new coin on December 1 to commemorate the 154th
birth anniversary of the father of the Philippine Revolution, while other newly designed
coins will be circulated in January 2018

Rappler.com
Published 5:05 PM, November 29, 2017
Updated 5:26 PM, November 30, 2017

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HONORING. The new P5 coin features Andres Bonifacio, who replaces Emilio Aguinaldo on the face of
the coin. Image from the BSP

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) announced it will release
the New Generation Currency (NGC) P5 coin featuring Philippine hero Andres Bonifacio
on Friday, December 1.

The new P5 coin will be released in circulation ahead of other new coins to honor
Bonifacio's 154th birth anniversary on Thursday, November 30, as well as his 120th
death anniversary last May 10.

The BSP said the rest of the denominations of the NGC Coin Series will be released for
circulation in January 2018.

The portrait of Bonifacio, the Father of the Philippine Revolution, is etched on the
obverse of the coin, along with the markings, "ANDRES BONIFACIO," "5-PISO" and
"REPUBLIKA NG PILIPINAS" in bold font and in microprints, and the mint mark.

The reverse side features the tayabak, a Philippine endemic plant, the BSP logo, and
"Bangko Sentral ng Pilipinas" in microprint.

The new P5 NGC coin is 25 millimeters in diameter and weighs approximately 7.4
grams.
The rest of the coins in the NGC Series will also feature the BSP logo, national heroes,
and endemic flora, consistent with the design of the NGC Banknote Series, launched in
2010, which also highlights Philippine fauna.

The central bank noted that the NGC Coin Series uses the latest technology in minting
coins and features enhanced security to deter counterfeiting as well as improve wear
and corrosion resistance capabilities.

At the same time, it saves the BSP minting costs, avoids risks arising from unexpected
volatile swings in metal prices, and also deters the illegal hoarding of coins for melting
and shipment to other countries.

In July, the BSP announced the dropping of the 10-centavo coin from the roster and the
launch of the redesigned coins before the end of the year.

The existing one-centavo, 5-centavo, 10-centavo, 25-centavo, P1, and P5 coins have
been in circulation since 1995, while the P10 coin with the profiles of Bonifacio and
Apolinario Mabini on the obverse side was issued in 2001.

The BSP has already completed the demonetization of the New Design Series (NDS)
banknotes or old bills on June 30 but has allowed again the swap or exchange to NGC
bills until December 29. – Rappler.com