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Bagong barya: BSP launches new designs for coins

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ABS-CBN News

<p>MANILA - The Bangko Sentral ng Pilipinas (BSP) on Monday formally launched new designs for Philippine coins. </p><p>Dubbed as the New Generation Coin series, the new designs feature three of the country&#x27;s national heroes, plants that can be found only in the Philippines, various security enhancements as well as new materials, according to the BSP. </p><div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/03/26/10-peso-032618.jpg?ext=.jpg"/></figure></div><p>Apolinario Mabini is featured on the P10 coin with the Kapa-kapa plant at the back.</p><div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/03/26/5-peso-032618.jpg?ext=.jpg"/></figure></div><p>The P5 coin features Andres Bonifacio with the Tayabak plant at the back. </p><div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/03/26/1-peso-032618.jpg?ext=.jpg"/></figure></div><p>National hero Jose Rizal figures in the P1 coin with the Waling-waling plant at the back. </p><p>The 25 centavo, 5 centavo and 1 centavo coins feature the Philippine flag&#x27;s three stars and a sun in front and some of the more common indigenous Philippine plants. </p><div><script src="https://connect.facebook.net/en_US/sdk.js#xfbml=1&amp;version=v2.5" async="" type="text/javascript"></script></div><div class="fb-post" data-href="https://www.facebook.com/BangkoSentralngPilipinas/videos/1694125823984573" data-width="auto"> </div><p>Micro-printed details using laser-engraving technology were used for the P10 and P5 coins, which will make it harder for these coins to be counterfeited. Nickel-plated steel was also used for these coins in place of alloy to make them more resistant to corrosion. </p><p>The BSP said old coins will remain legal tender and can be used alongside the new generation currency coins for day-to-day transactions.</p><p>“It’s more challenging to demonetize coins than bank notes. They are very very heavy, and have small value. You’ll have to hold them by container vans, but you’re holding small amounts,&quot; said BSP Deputy Governor Diwa Guinigundo. </p><p>Around 139.5 million of these New Generation Currency coins have been initially released. -<strong> Michelle Ong, ABS-CBN News</strong></p>

<p>MANILA - The Bangko Sentral ng Pilipinas (BSP) on Monday formally launched new designs for Philippine coins. </p>

MANILA - The Bangko Sentral ng Pilipinas (BSP) on Monday formally launched new designs for Philippine coins.