{"id":27338,"date":"2018-03-27T11:00:35","date_gmt":"2018-03-27T03:00:35","guid":{"rendered":"http:\/\/primer.com.ph\/blog\/?p=27338"},"modified":"2022-04-27T20:59:57","modified_gmt":"2022-04-27T12:59:57","slug":"bsp-releases-new-peso-coins-for-circulation","status":"publish","type":"post","link":"https:\/\/primer.com.ph\/blog\/2018\/03\/27\/bsp-releases-new-peso-coins-for-circulation\/","title":{"rendered":"BSP releases new peso coins for circulation"},"content":{"rendered":"<p style=\"text-align: justify\">Bangko Sentral ng Pilipinas (BSP) has released the New Generation Currency (NGC) coin series, consisting of the 10-peso, 5-peso, 1-peso, 25-centavo, 5-centavo, and 1-centavo denominations. The coins are set to be circulated through banks starting today, March 27.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify\">Earlier in December 2017, the BSP had begun the circulation of 5-peso coins which garnered mixed reactions from government officials and the public. One main concern was that the 5-peso coin has a similar color and size\u00a0to the 1-peso coin which can cause confusion when paying.<\/p>\n<p style=\"text-align: justify\"><em>Also read: <a href=\"https:\/\/primer.com.ph\/blog\/2017\/12\/29\/new-5-peso-coins-now-in-circulation\/\" target=\"_blank\" rel=\"noopener\">New 5-peso coins now in circulation<\/a><\/em><\/p>\n<p style=\"text-align: justify\">Despite that, BSP pushed through with the release of the NGC coins. In a statement, BSP stressed that the new design of the coins has &#8220;enhanced security features using the latest technology in minting to prevent counterfeiting.&#8221; Part of the enhancements includes micro-printed details engraved using laser technology on the 10-peso and 5-peso denominations.<\/p>\n<p style=\"text-align: justify\">\n<p style=\"text-align: justify\">Moreover, the coins are made of durable nickel-plated steel, hence the metallic silver color, which can improve resistance to wear and corrosion and &#8220;discourage illegal extraction of valuable metal content.&#8221;<\/p>\n<p style=\"text-align: justify\">The BSP has advised that the old and new coins &#8220;can be best appreciated through visual means and tactile familiarization.&#8221; To avoid confusion, you have to familiarize yourself with how each coin looks and feels to the touch.<\/p>\n<p>https:\/\/www.facebook.com\/BangkoSentralngPilipinas\/videos\/1694125823984573\/<\/p>\n<p style=\"text-align: justify\">To help people distinguish between the coins, BSP released through its Facebook page a video and infographic describing each NGC coin. Each coin depicts the BSP logo and national heroes and symbols.<\/p>\n<p style=\"text-align: justify\">The existing coins can still be used to pay for purchases and transactions. The BSP has not yet set a demonetization schedule for the old coins.<\/p>\n<hr \/>\n<p style=\"text-align: justify\"><span style=\"font-size: 10pt\"><em>Source:\u00a0<a href=\"http:\/\/www.bsp.gov.ph\/publications\/media.asp?id=4641\" target=\"_blank\" rel=\"noopener\">Bangko Sentral ng Pilipinas<\/a><\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New Generation Currency (NGC) coin series consists of the 10-peso, 5-peso, 1-peso, 25-centavo, 5-centavo, and 1-centavo denominations<\/p>\n","protected":false},"author":3,"featured_media":27344,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1982,1271,4877,5717,5718],"class_list":["post-27338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-current-events","tag-bangko-sentral-ng-pilipinas","tag-bsp","tag-new-generation-currency","tag-new-generation-currency-2018","tag-new-peso-coins-2018"],"acf":[],"jetpack_featured_media_url":"https:\/\/primer.com.ph\/blog\/wp-content\/uploads\/sites\/14\/2018\/03\/29513196_1695382050525617_3435038153499003348_n.jpg","_links":{"self":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/27338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/comments?post=27338"}],"version-history":[{"count":5,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/27338\/revisions"}],"predecessor-version":[{"id":64734,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/27338\/revisions\/64734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/media\/27344"}],"wp:attachment":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/media?parent=27338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/categories?post=27338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/tags?post=27338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}