Top Qs
Timeline
Chat
Perspective
Philippine twenty-peso coin
Largest denomination coin From Wikipedia, the free encyclopedia
Remove ads
The Philippine twenty-peso coin (₱20) is the largest denomination coin of the Philippine peso.
Remove ads
History
Summarize
Perspective
New Generation Currency Series: In July 2019, the Bangko Sentral ng Pilipinas (BSP) announced that the 20 peso note will be replaced with a coin due to the overuse of the banknote, since each individual note only lasts about a year in circulation while a 20 peso coin lasts for 10 to 15 years. The decision was based on research by the University of the Philippines.[1]
In September 2019, the ₱20 coin was designed. BSP Governor Benjamin Diokno stated that the design would retain Manuel L. Quezon as the person on the obverse,[2] and be bi-metallic with a bronze-plated steel outer ring and a nickel-plated steel center and that it will be slightly bigger than the P10 coin. He mentioned there would be other features making it distinct from the other New Generation coins.[3]
Photos of the new coin were released in December 2019, along with the "enhanced" 5 peso coin, confirming their designs.[4] The coin was initially planned to be released in late 2019 or early 2020.[5] In another December 2019 report, it was reported that 500,000 coins of the new denomination were released, with more to be minted in 2020.[6]
Version history
Remove ads
References
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads