The Bangko Sentral ng Pilipinas (BSP) released on Monday, March 26 a teaser on its so-called New Generation Currency Coin Series (barya). This is part of BSP’s campaign for its release of a new design of the six existing coins in the Philippines. This time, the new coins will feature the endemic plants in country. Watch the BSP video below.
“Introducing the New Generation Currency (NGC) Coin Series.” Reads the caption of the video posted at BSP’s official Facebook page, Monday afternoon. The 2-minute video featured some details of the design of the new 10-peso coin, new 5-peso coin, new 1-peso coin, new 25-centavo coin, new 5-centavo coin, and the new 1-cent coin.
Featuring the tagline “Baryang kayamanan, tanda ng kasarinlan,” the new P10 coin still features the hero Apolinario Mabini, the so-called “The Brains of the Revolution” during the Spanish era. It is milled with edge lettering, bearing the name “Bangko Sentral, and on its back side is Kapa-Kapa plant (Scientific name: Medinilla magnifica).
Next is the new P5 coin, which still features Andres Bonifacio, also known as “Supremo,” founder of the Katipunan. It has a plain edge, and at its back is Tayabak plant (Scientific name: Strongylodon macrobotrys). Nevertheless, BSP has already released it on December 1, 2017 to commemorate Bonifacio’s 154th birth anniversary.
On the other hand, the new P1-coin still features Jose Rizal, the country’s national hero. It has intermittent reed edge, and at the back is the Waling-Waling flower (Scientific name: Vanda sanderiana). Meanwhile, the new 25-centavo coin features three stars and the sun in a stylized Philippine flag. It has plain edge, with Katmon flower at the back.
In an earlier statement, BSP said that the NGC Coin Series uses the latest technology in minting coins and features enhanced security to deter counterfeiting, and has also improved its resistance capabilities against wear and corrosion. However, the central bank did not mention as to when they will release these new coin designs.