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Bangko Sentral ng Pilipinas (BSP) began the 12-year demonetization process of the New Design Series when the New Generation Currency (NGC) project was started in 2007 through formal conceptualization process which was a result of the meeting of the minds of people with diverse backgrounds and ideas: central bankers, artists, technocrats, historians, communication experts, and currency printers ...
On July 8, 2009, the BSP announced that it would recall all bank notes made of abaca and cotton soon and replace it with an all-polymer series. This plan has been abandoned, however, when the New Generation Currency series was released to the public in December 16, 2010 with all banknotes still made of abaca and cotton. [11]
The 20 peso note of the New Design/BSP series (NDS/BSP). The New Design Series (NDS) (also known as the BSP Series after the establishment of the Bangko Sentral ng Pilipinas) was the name used to refer to banknotes of the Philippine peso issued from 1985 to 2013 and the coins of the Philippine peso issued from 1995 to 2017. The coins were ...
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.
On November 29, 2017, the Bangko Sentral ng Pilipinas announced the release of the first coin in the New Generation Currency Series for circulation starting December 2017. As a tribute to the 154th birth anniversary of Andres Bonifacio , the first coin to be released was the new silver-colored 5-peso coin featuring Bonifacio on the obverse ...
The Philippine twenty-peso note ( Filipino: Dalawampung piso (formal), bente pesos ( vernacular )) (₱20) is a denomination of Philippine currency. It is the smallest banknote denomination in general circulation in the Philippines. Philippine president Manuel L. Quezon is currently featured on the front side of the note, while the Banaue Rice ...
The Philippine five-peso coin (₱5) is the third-largest denomination of the coins of the Philippine peso.. Three versions of the coin are in circulation, the version from the BSP Series which was issued from 1995 to 2017, the original round coin from the New Generation Currency Coin Series issued from 2017 to 2019 and the nonagonal (9-sided shape) version since 2019.
The New Design Series was the name used to refer to Philippine banknotes issued from 1985 to 1993. It was then renamed as the BSP Series due to the re-establishment of the Bangko Sentral ng Pilipinas in 1993. It was succeeded by the New Generation Currency Series issued on December 16, 2010.