New 20 Peso Coin
MANILA, Philippines – As promised by the Bangko Sentral ng Pilipinas (BSP), the new P20 coin's design is different from the other coins. The BSP on Tuesday, December 17, unveiled the new P20 coin. The design for the 20-peso coin is being finalized and its security features and specifications are now carefully being planned. According to BSP Assistant Governor Dahlia Luna, the coin version was considered after a study by the University of the Philippines found that Filipinos most frequently use P20 bills, leading to the banknote’s. Welcome to my channel!Today, I am going to show you the new Philippine Coin -20 peso coin.Disclaimer: This coin is not yet circulated nationwide because BSP.
The new ₱20 coin will have a gold-colored outer ring and a silver core and will also be the biggest in size. Metro Manila (CNN Philippines, December 17) — Pockets and wallets are bound to be.
Do not be surprised to see and use a 20-peso coin in the coming days. The Bangko Sentral ng Pilipinas (BSP) has formally launched the 20-peso coin, now the highest denomination in the central bank’s New Generation Currency (NGC) Coin Series released in 2018—consisting of 10-peso, 5-peso, 1-peso, 25-centavo, 5-centavo, and 1-centavo coins.
New 20 Peso Coin Design
Based on research by the University of the Philippines, the 20-peso banknote is the most-used denomination for payments nationwide. Thus, it is easily rendered unfit for circulation and returned to the BSP for replacement. The central bank asserts that producing a 20-peso coin will be more cost-efficient as it logically will take a longer circulation life compared to the popular 20-peso bill.
The newly launched 20-peso NGC coin will co-exist as a legal tender with the currently circulating 20-peso banknote, which will eventually be pulled out from the circulation through natural attrition.
As expected, the 20-peso coin retains the major elements of the current 20-peso note. The front side still features the first president of the Philippine Commonwealth—Manuel L. Quezon, the father of the national language, the creator of the National Economic Council, and a proponent of Philippine independence.
The backside of the coin features the BSP logo along with a visual of the Malacañan Palace, the official residence of the Philippine President since Quezon’s time. The coin also showcases the Nilad, a native plant variety in which the name of the country’s capital, Manila, is believed to have originated from. The Nilad’s star-shaped flowers once clustered in abundance along the banks of the Pasig River, where the Malacañan Palace is located.
20 Pesos In Dollar
Mexican 20 Peso Coin
To prevent possible confusion among consumers, the 20-peso coin has two easily distinguishable colors, making it stand out in the series of coins. As a security feature, it has micro prints plus an identifiable edge to deter counterfeiting.