Quezon was the first Philippine president to occupy it in his term.Ĭonsistent with the NGC Coin Series which highlights native flora, the 20-piso coin showcases the Nilad, the plant from which the name of the country’s capital, Manila, is believed to have originated. Its reverse side shows the BSP logo and the Malacañan Palace, the official residence of the Philippine President. Quezon, the first president of the Philippine Commonwealth who advocated the adoption of the national language, created the National Economic Council, and worked ardently for Philippine independence.
The new bi-color coin retains major elements of the 20-piso banknote, the BSP said. Its use is more cost-efficient to produce as it will have a longer circulation life than a 20-piso banknote. The 20-piso coin is now the highest denomination in the NGC coin series that was launched in 2018. In a statement, the central bank said the 20-piso coin will co-exist as legal tender with the currently-circulating 20-piso NGC banknote, which will be removed from circulation through natural attrition. THE Bangko Sentral ng Pilipnas (BSP) released on Tuesday, December 17, the new 20-piso coin and the enhanced 5-piso coin under its New Generation Currency (NGC) coin series.
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