BSP Launches P20 Coin, Enhances P5 Coin

BSP Launches P20 Coin, Enhances P5 Coin


Celebrate The Holidays With MMFF 2020, Globe, And Upstream

Globe and its partners also encourages moviegoers to fight online privacy.

More Than 124k Drivers, Operators Join Transport Cooperatives

A total 124,443 drivers and franchise owners and operators have joined accredited transport cooperatives ready for franchise consolidation.

Globe Recreates The Way You Learn With Special Promos

Globe introduces special Go promos for students and the GoTOK series to make quality learning and self-improvement accessible for everyone online and in real life!

Roma Point Bridge Construction In Full Swing With Republic Cement Support

Expected to be the longest bridge in Calabarzon, the Roma Point Bridge, also known as the Alabat Bridge, will be 1.7 kilometers long upon completion and will connect Alabat Island to mainland Quezon province.

Philippines’ most-used currency denomination, PHP20, now has its coin version and the existing PHP20 bills are estimated to be out of circulation by 2021.

In a briefing Tuesday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said minting the coin is cost-effective than printing the bill since the former lasts for about 10 to 15 years compared to the about six-month life span of the paper bill.

He said production cost for the bill is about PHP2 apiece while it is PHP10 per piece for the coin.

The two-toned PHP20 coin, which is now the highest denomination among the new generation coin (NGC) series, still have the major elements of its banknote version, such as the features of Manuel L. Quezon, the Philippine commonwealth’s first president on one side, and the BSP logo and the Malacanang Palace, at the other side.

Also launched during the event is the enhanced PHP5 coin, which now has nine sides that will help people easily differentiate it among the NGC coins.

During the same briefing, BSP Senior Assistant Governor Dahlia Luna said the central bank will be issuing “token quantity” of about 500,000 PHP5 coins before December 25, 2019, while bulk will be issued starting in the first quarter of 2020.

“And these coins will co-exist with the PHP20 banknotes until the supply of PHP20 banknotes last around 2021,” she said.

Luna said the PHP20 coin features a brass-plated steel ring and a nickel-plated core while the PHP5 coin retains the nickel-plated steel composition with enhanced shape having nine sides.

“Essentially, these design enhancements in the currency will further promote the ease of recognition by the public and at the same time maintaining the highly secure and durable characteristics of the coins in the NGC series,” she added.

These measures are among the reasons why the Philippines is among the best in the world in terms of currency production, processing, management and distribution, Diokno said.

He added that coins “play a significant role in a nation’s history” since it pays homage to accomplishments of Filipinos, as well as the historical sites and natural wonders. (PNA)

Photo Source: PTV

Tourism Grad In Leyte Thrives In Farming

A millennial based in Leyte quits his white-collar job and breaks the old-age claim that there is no career in farming by venturing into agriculture. Read his story here:

Visayas LGUs Urged To Adopt Cebu City’s Ops Center Concept

Secretary Michael Lloyd Dino is pushing for the institutionalization of the Emergency Operations Center in various localities in the Visayas to equip them with strategies in the fight against COVID-19.

Tarlac City Residents Asked To Observe ‘Undas’ Guidelines

Tarlac City reminds residents to strictly comply with guidelines governing the observance of the All Saints’ Day or Undas.

Fishermen Still Advised Not To Sail In Pangasinan

Fishermen were advised not to sail in Pangasinan as tropical cyclone wind signal no. 1 is still up over 10 towns and Alaminos City in the western part of the province, according to the Pangasinan Provincial Disaster Risk Reduction and Management Office.

Christmas Parties In Metro Manila Cancelled This Year

Merry pa rin kaya ang Christmas kahit walang parties?

Rep. Aglipay Calls For Proper Disposal Of Face Masks, Face Shields

"The proper disposal of such medical waste is not only a vital part of defeating COVID-19 but also a means to ensure that future generations have a ‘balanced and healthful ecology in accord with the rhythm and harmony of nature’ as guaranteed by no less than the 1987 Philippine Constitution," said DIWA Rep. Michael Edgar Aglipay.

Bello: 4K OFWs Stranded Due To PhilHealth Issue With PRC

Here's how the Philhealth issue affects Filipinos during the pandemic:

PAGEONE Group CEO Included As Expert In The Social Media Trends 2021 Global Report

PAGEONE Group CEO Ron F. Jabal, APR included as one of the industry experts in the Social Media Trends 2021 Global Report by Talkwalker and Hubspot.

Mayor Isko Implements Shorter Curfew Hours

Manila City moves the curfew hours from midnight to 4 a.m.