Philippine twenty-peso coin

Twenty pesos
Philippines
Value20.00 Philippine pesos
Mass11.50 g
Diameter30 mm
Thickness2.2 mm
EdgePlain with edge inscription of "BSP" in italics at six angles
CompositionBi-metallic (Bronze-plated steel ring with a Nickel-plated steel center plug)
Years of minting2019–present
Obverse
Design"Republika ng Pilipinas"; Portrait of Manuel Quezon; Value; Microprint of "Republika ng Pilipinas"; Year of minting; Mint mark
DesignerJulius Caezar G. Moraga of Bangko Sentral ng Pilipinas
Design date2019
Reverse
DesignScyphiphora hydrophylacea (Nilad); logo of the Bangko Sentral ng Pilipinas; Malacañang Palace; Microprint of "Bangko Sentral ng Pilipinas"
DesignerJulius Caezar G. Moraga of Bangko Sentral ng Pilipinas
Design date2019

The Philippine twenty-peso coin (₱20) is the largest denomination coin of the Philippine peso.

History

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

New Generation Currency Series
(2019–present)
Obverse
Reverse

References

  1. ^ Lopez, Melissa Luz (26 July 2019). "Manuel Quezon to remain the face of new ₱20 coins". CNN Philippines. Archived from the original on 29 July 2019. Retrieved 29 July 2019.
  2. ^ Lopez, Melissa Luz (26 July 2019). "Manuel Quezon to remain the face of new ₱20 coins". CNN Philippines. Archived from the original on 29 July 2019. Retrieved 29 July 2019.
  3. ^ Lucas, Daxim L. (15 October 2019). "BSP to launch in December new P20 coin to replace banknote". Philippine Daily Inquirer. Retrieved 15 October 2019.
  4. ^ Rodriguez, Bruce T. (17 December 2019). "Bangko Sentral launches new P20 coin, enhanced P5". ABS-CBN News. Retrieved 17 December 2019.
  5. ^ "Bangko Sentral to create P20 coin". Rappler. 17 July 2019. Retrieved 29 July 2019.
  6. ^ Zialcita, Sandra (17 December 2019). "LOOK: Here are the new ₱5, ₱20 coins". CNN Philippines. Archived from the original on 20 December 2019. Retrieved 20 December 2019.
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