National News

Php 5, Php 20 Coin To Circulate First Quarter of 2020

Last year, the Bangko Sentral ng Pilipinas revealed the coin version of Php 20, along with an ‘enhanced’ Php 5 coin. In an article post by CNN Philippines, it is said that coins will be put into circulation starting the first quarter of 2020. The Php 20 coin will still carry the face of former President Manuel Quezon. Moreover, on the reverse, the Bangko Sentral ng Pilipinas logo, the ‘nilad’ flower, as well as Malacañang Palace, is seen. Moreover, Php 5 enhanced version will have nine sides to it. This way, it will be easy to identify.

“The use of the 20-Piso coin—which is now the highest denomination in the NGC Coin Series launched in 2018—is more cost-efficient to produce as it will have a longer circulation life than a 20-piso banknote. 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,” stated in the media release of Bangko Sentral ng Pilipinas.

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