Philippine twenty peso coin

The Philippine twenty-peso coin (₱20) is an upcoming denomination coin of the Philippine peso. This coin will be the highest coin denomination upon the release of this coin.

Twenty pesos
Philippines
Value20.00 Philippine pesos
Mass11.50 g
Diameter30 mm
Thickness2.05 mm
EdgePlain with edge inscription of "BSP" at six angles
CompositionBi-metallic (Copper-plated steel ring with a Nickel-plated steel center plug)
Years of minting2019–present
Obverse
Font 20 peso Coin Philippines.jpg.png
Design"Republika ng Pilipinas"; Portrait of Manuel Quezon; Value; Microprint of "Republika ng Pilipinas"; Year of minting; Mint mark
Reverse
Back 20 peso Coin Philippines.jpg
DesignScyphiphora (Nilad); logo of the Bangko Sentral ng Pilipinas; Malacañang Palace; Microprint of "Bangko Sentral ng Pilipinas"
DesignerBSP "Bangko Sentral ng Pilipinas"
Design date2019

HistoryEdit

New Generation Currency Series: In July 2019, the Bangko Sentral ng Pilipinas (BSP) announced that the 20 peso note will be changed into a coin due to the overuse of the banknote, since each individual note only lasts a year in circulation whereas a 20 peso coin but would last for 10 to 15 years even if it costs more to manufacture. The decision is based on a research by the University of the Philippines. In September 2019, the ₱20 coin was finally designed, with BSP Governor Benjamin Diokno mentioning that the design would retain Manuel L. Quezon as the person on the obverse[1], that the coin would 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 also mentioned there would be other features making it distinct from the other New Generation coins.[2] Photos of the new coin were released on 17 December 2019, along with the "enhanced" 5 peso coin, confirming their designs.[3] The coin was initially planned to be released in late 2019 or early 2020,[4] and in another 17 December report, it was reported that 500,000 coins of the new denomination were released, with more to be minted in 2020.[5]

New Generation Currency Series
(2019–present)
Obverse
Reverse  

ReferencesEdit

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