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Bacolod City, Philippines Wednesday, June 13, 2018
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Ways to identify new coins

 

Tactile and visual familiarization are the keys to identify the six New Generation Currency coins, the Bangko Sentral ng Pilipinas Dumaguete branch said in a government press release.

BSP Bank Officer II Greg Baccay said the differences between the NGC coins and the existing BSP Coin Series can best be appreciated through these means.

The new coins, that include P10, P5, P1, P0.25, P0.05, and P0.01 denominations, have been released into circulation.

Baccay said the new coins have enhanced aesthetics and security, including the micro-printed details using laser-engraving technology in the two highest denominated coins, the P10 and P5.

The new coins highlight the country’s endemic flora and national heroes, aside from the consistent BSP logo on it, the press release said.

Baccay has called on the public, including the visually impaired, to familiarize themselves and distinguish the new coins based on the diameter and feel of the edges.

The P10 coins are milled with edge lettering while P5, 25 centavos and 1 centavo coins have plain edges. Also P1 coins have intermittent reeds while 5 centavos have reeds.

The NGC Coin Series uses the latest technology in minting coins and features enhanced security to deter counterfeiting as well as improve wear and corrosion resistance capabilities, the press release said.

Baccay said BSP continues to organize an information campaign to educate the people in the provinces of Negros Oriental and Siquijor on how to apprise the NGC Coins.

The existing coins, BSP Coin Series, shall remain as legal tender which consumers may still use alongside with the new coins to pay for goods and services, until such time the BSP issues the demonetization schedule.*

 

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