The Bangko Sentral ng Pilipinas advised the public in a press release that the 20-Peso New Generation Currency (NGC) banknotes remain as legal tender and can be used alongside the 20-Peso NGC coins for day-to-day transactions.
The 20-Peso NGC banknotes shall be gradually removed from circulation through natural attrition or until the 20-Piso banknotes become unfit for recirculation.
In relation to this, the BSP also recently issued an advisory to banks to promote the distribution, recirculation, and mobilization of the 20-Peso coins.
The BSP released the new 20-Peso NGC coin on 17 December 2019. The bi-color 20-Piso coin retains major elements of the 20-Piso banknote. The obverse side of the coin features Manuel L. Quezon, while the reverse side shows the BSP logo, the Malacañan Palace, and the Nilad plant.
The BSP enjoined the public to properly use and to recirculate Philippine coins for their economic and cultural value in the press release.*PR
