BSP Requested to Stop Circulating New P5 Coins
2017-12-28 Thu
Sen. Nancy Binay asked the Bangko Sentral ng Pilipinas to stop circulating the redesigned P5 coins because the New Generation Currency coins could create confusion among the general public and affect small businesses. She also said that the new P5 coins are similar in size when compared with P1 coins, which adds to the confusion among ordinary Filipinos. She believes that the possibility of confusion between the merchants and the public should be considered before releasing new coins.The latest silver P5 coin depicts Andres Bonifacio on the obverse instead of Gen. Emilio Aguinaldo. The reverse depicts Tayabak which is a plant found in the Philippines that climbs tall forest trees.
New P5 coins were introduced in December and were unveiled a day before the commemoration of the 154th birth anniversary of the Bonifacio. Remaining coins from the NGC Coin Series will be released in January 2018.
Latest News
-
Gold Pagoda of Vijaynagar Empire King Deva Raya I
2024-04-10 WedKing Deva Raya I of the Vijayanagara Empire was a patron of Kannada literature and architecture. He ...
-
Silver Denarius of Septimus Severus
2024-04-05 FriLucius Septimius Severus served as the Roman emperor from 193 to 211 AD. Severus sat on the throne o...
-
Extremely rare 'Malaharamari' type Gold Gadyana of King Guhalladeva-III Sold for INR 611000
2024-04-03 WedTribhuvanamalla, also known as Guhalladeva III, was the ruler of the Kadamba dynasty. His reign coin...
-
90 Years of RBI
2024-04-02 TueOn 1st April, PM #Modi unveiled a special commemorative coin marking 90 Years since the foundation o...
-
Silver Denarius of Julia Mamaea
2024-04-02 TueJulia Avita Mamaea, a Christian Syrian noblewoman, was the mother of Roman Emperor Alexander Severus...