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BSP: P20 banknote remains legal tender; urges public to recirculate P20 coins

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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="The P20 bill remains as legal tender, according to the Bangko Sentral ng Pilipinas. Photo: BSP" src="http://sa.kapamilya.com/absnews/abscbnnews/media/2021/business/09/28/20210928-20-bill-thumb.jpg"/><figcaption>The P20 bill remains as legal tender, according to the Bangko Sentral ng Pilipinas. <em>Photo: BSP</em></figcaption></figure></div><p>MANILA—The P20 banknote is still legal tender and can be used alongside the P20 coin for transactions, Bangko Sentral ng Pilipinas said Tuesday. </p><p>The P20 bill will be gradually removed from circulation through natural attrition or until a banknote is no longer fit for recirculation, BSP said in a statement.</p><p>&quot;The Bangko Sentral ng Pilipinas (BSP) advises the public that the 20-Piso New Generation Currency (NGC) banknotes remain as legal tender and can be used alongside the 20-Piso NGC coins for day-to-day transactions,&quot; it said in a statement.</p><p>Alongside the advice, BSP reiterated its call to recirculate P20 coins. Some people keep the P20 in coin banks as savings. </p><p>&quot;The BSP enjoins the public to properly use and to recirculate Philippine coins for their economic and cultural value,&quot; it said. <br/> </p><div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="The P20 coin. Photo: BSP" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/business/09/28/20210928-20-coin.jpg"/><figcaption>The P20 coin. <em>Photo: BSP</em></figcaption></figure></div><p>The bicolor P20 coin was released in December 2019 with the other side featuring Manuel L. Quezon while the reverse side shows the BSP logo, the Malacañang Palace and a Nilad plant.</p><p>The P20 is also the most used denomination among all circulated Philippine money, BSP. Gov. Benjamin Diokno earlier said. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/07/16/21/bsp-warns-vs-brilliant-uncirculated-p20-coin">Bangko Sentral warns public anew vs &#x27;brilliant uncirculated P20 coin&#x27;</a></li>	<li><a href="https://news.abs-cbn.com/business/07/16/21/bsp-warns-vs-brilliant-uncirculated-p20-coin">Bangko Sentral warns public anew vs &#x27;brilliant uncirculated P20 coin&#x27;</a></li>	<li><a href="https://news.abs-cbn.com/business/01/18/21/bangko-sentral-launches-p5000-lapu-lapu-bill-coin">Bangko Sentral launches P5,000 Lapu-Lapu bill, commemorative medal</a></li></ul><div><strong>FROM OUR ARCHIVES: </strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1716254" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

The P20 bill will be gradually removed from circulation through natural attrition or until a banknote is no longer fit for recirculation, BSP says.