[6], In 2020, the BSP released an improved version of the NGC series. The main designs on the back of the note feature the Subterranean River National Park, the Blue-naped parrot (Tanygnathus lucionensis), and a cloth design from the Southern Philippines. The changes were striking and it sure brought the Peso at par with other world currencies in terms of design and security features. Required fields are marked * The New Generation Philippine Banknotes Twenty Piso Banknote New Generation Series. BSP Releases New Generation Currency Banknotes with Enhanced Design and the Signature of the Fourth Governor of the Bangko Sentral ng Pilipinas. A. Mabini St. cor. 5 years ago | 59 views. By. Colored light-blue, the main designs on the front of the note feature the trio portraits of José Abad Santos, Vicente Lim and Josefa Llanes Escoda. In September 2019, Benjamin Diokno, the current BSP governor, announced that the ₱5 coin, being confused for the ₱1 coin, will have a revised design, featuring a wave edge or scallop shape and enhanced security features. [3], On December 16, 2016, BSP announced that they will launch sets of banknotes bearing President Rodrigo Duterte's signature. Notes issued from 2016 onwards have a strong mauve or violet color, due to complaints that the color of the 100 pesos note is almost indistinguishable from the 1,000 pesos note. In 2009, the Bangko Sentral ng Pilipinas announced that it will launch a massive redesign for its banknotes and coins to further enhance security features and to improve durability. The 20 peso banknote will be changed into a coin that will be released in December 2019 to solve the overuse of this banknote that only takes a year to replace it with a new banknote based on a research by the University of the Philippines. The BSP started releasing the initial batch of new banknotes in December 2010. Here are the new banknotes. Your email address will not be published. I wonder why they did put a blue-naped parrot at the back of the new ₱500 bill instead of our national bird, the Philippine Eagle . The new banknote design features famous Filipinos and iconic natural wonders. The size and mass of this coin has same as 25 centavos in BSP Series. The coin is bi-metallic, with a bronze-plated steel outer ring and a nickel-plated steel center plug, and is the second bi-metallic coin issued by the Bangko Sentral ng Pilipinas, after the 10 peso coin of the New Design/BSP series. The original version, issued from 2010 to 2016, included a blue underprint. The composition is nickel-plated steel, has diameter of 20 mm, and mass of 3.6 grams. In an effort to keep the Philippine peso’s security and quality intact, the Bangko Sentral ng Pilipinas (BSP) released a New Generation Currency series of banknotes. Banknotes of the Philippine peso are issued by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) for circulation in the Philippines.The smallest amount of legal tender in wide circulation is ₱20 and the largest is ₱1000. New Generation Philippine Banknotes Rolled Out By The BSP—Spot the Differences. The designs on the back of the note depict the Banaue Rice Terraces, the Asian palm civet (Paradoxurus hermaphroditus), and a weave design from the Cordilleras. MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will release the enhanced new generation currency (NGC) banknotes by 2023. The New Generation Philippine Banknotes - short video. SHARE. theAsianparent Philippines is the Filipino mom's go-to website for smart parenting advise on how to track their pregnancy and raise happy, healthy & confident kids Read More… The New Generation Currency (NGC) was one of the finalists for the 'Best New Banknote Series' which is only open to banknotes released for circulation in the last 18 months. MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has launched enhanced new generation currency (NGC) banknotes with tactile marks to … Old Bangko Sentral ng Pilipinas (BSP) building in Intramuros, Manila, Centennial celebration of Philippine independence, "New Generation Currency Series (2010-present)", "The New Generation Currency Program of the Philippines (Bangko Sentral ng Pilipinas)", Cory, Ninoy together again on new 500-peso bill, https://cnnphilippines.com/news/2016/12/20/duterte-bsp-banknotes.html, "Still hanging on to your old peso bills? The BSP started releasing the initial batch of new banknotes on December 16, 2010. The main designs on the back show Taal Lake, the Giant Trevally (locally known as Maliputo) (Caranx ignobilis) and an embroidery design from Batangas province. P. Ocampo St.,Malate Manila, Philippines 1004, 2020 © BANGKO SENTRAL NG PILIPINAS - All Rights Reserved. The original issue from 2010 to 2017 featured the Order of Lakandula (erroneously labelled as "Medal of Honor") and its description on the front. Philippine national symbols will be depicted on coins. Notes issued from 2017 onwards omit both the medal and its description. [2], The members of the numismatic committee included Bangko Sentral Deputy Governor Diwa Guinigundo and Dr. Ambeth Ocampo, chairman of the National Historical Institute. Colored red, the main designs shown on the front of the note depict a portrait of Philippine president Sergio Osmeña and images tied to him, one depicting the First Philippine Assembly in 1907 and the other the Leyte Landing. The New Generation Philippine Banknotes: A Preview After several years, Philippine bank notes get a much-needed overhaul. Read this", BSP Releases New Generation Currency Banknotes with Enhanced Design and the Signature of the Fourth Governor of the Bangko Sentral ng Pilipinas, PHL peso bills to have more security features in 2020 —BSP, "BSP releases New Generation Currency Coins", https://www.rappler.com/business/235646-bangko-sentral-pilipinas-to-create-philippine-peso-20-coin, Flora and Fauna Series/Improved Flora and Fauna Series, https://en.wikipedia.org/w/index.php?title=New_Generation_Currency_Series&oldid=993014427, Articles containing Filipino-language text, Creative Commons Attribution-ShareAlike License, "Republika ng Pilipinas"; Three stars and the sun (stylized representation of the, Reeded with edge inscription of "BANGKO SENTRAL NG PILIPINAS" in italics, Plain edge with inscription of "BSP" at six angles, This page was last edited on 8 December 2020, at 09:49. The obverse side of the coin feature the description "Republika ng Pilipinas", Andrés Bonifacio, a national hero of the Philippines, the denomination, year of minting, and mint mark, and the reverse side of the coin depicts the Strongylodon macrobotrys (Tayabak), a plant endemic to the Philippines and the current logo of the Bangko Sentral ng Pilipinas. [10], In July 2019, the BSP announced plans to replace the ₱20 bill with a ₱20 coin by the 1st quarter of 2020.[11]. Some of the new generation philippine banknotes, first issued in 2010. The font used for lettering in the banknotes is Myriad, while the numerals are set in the Twentieth Century font. In its launch, BSP Governor Benjamin Diokno said the latest banknotes took into consideration the needs of the elderly and the visually impaired. Peso denominated coins depict the portraits of renowned national heroes of the Philippines on the obverse. Philippine national symbols will be depicted on coins. Courtesy of Claude Akl (dekeneh on eBay). The Ugandan shilling notes won the award and the Sri Lankan rupee placed as a runner up. [4], The New Generation Currency series were the only circulating set of notes since December 30, 2017. Sentimo denominated coins feature a stylized representation of the Philippine flag on the obverse. The series uses the Myriad and Twentieth Century typefaces. The composition is nickel-plated steel, has diameter of 16 mm, and mass of 2.2 grams. ... (BSP) recently launched the enhanced Philippine banknotes featuring the latest anti-counterfeiting technology. The members of the numismatic committee include Bangko Sentral Deputy Governor Diwa Guinigundo and Dr. Ambeth Ocampo Chairman of the National Historical Institute. The word used in the bills was "Pilipino" rendered in Baybayin (.mw-parser-output .script-baybayin{font-family:"Tagalog Doctrina 1593","Baybayin Lopez","Tagalog Stylized","Noto Sans Tagalog",Code2000}ᜉᜒᜎᜒᜉᜒᜈᜓ). The new series features native Philippine flora. 1865. In 1995, a new set of coins and notes was issued Detailed information about the coin 10 Piso (New Generation Currency), Philippines, with pictures and collection and swap management : mintage, descriptions, … The New Generation Currency (NGC) Series is the name used to refer to Philippine peso banknotes issued since 2010 and coins issued since 2018 (2017 for the five peso coin ). The inclusion of large intaglio printed numbers on the front differentiates each denomination to provide assistance for the visually impaired. (from www.bsp.gov.ph) Follow. [1] The series uses the Myriad and Twentieth Century typefaces. The top of the photo contains text which reads: “New Generation Currency II / (Inpoved Design) [sic] / Launch in 2020”. On December 16, 2010, the new design for Philippine banknotes were released. The Bangko Sentral ng Pilipinas (BSP) unveiled the bank notes’ new designs, as well as its new s ecurity features. MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) on Wednesday unveiled enhancements to the country's 9-year-old banknotes, which were meant to … The obverse side of the coin feature the description "Republika ng Pilipinas", the three stars and the sun (stylized representation of the Philippine flag), the denomination, year of minting, and mint mark, and the reverse side of the coin depicts the Calotropis gigantea (Kapal-kapal baging), a plant endemic to the Philippines and the current logo of the Bangko Sentral ng Pilipinas. Due to the confusion of the 5-peso coin bearing similarities with the 1-peso coin (mainly caused by its similar size), the Bangko Sentral ng Pilipinas has reissued the 5-peso coin in a nonagonal (9-sided shape) into circulation on December 17, 2019. This is the fourth edge inscription coin used in the Philippines in common circulation. The BSP launched in 2020 enhanced Philippine banknotes that are more responsive to the needs of the elderly and the visually impaired, and feature the latest anti-counterfeiting technology. Also on the front of the note are images associated to the couple, the image of the 1986 People Power Revolution and the Benigno Aquino Jr. monument in Makati City. The composition is nickel-plated steel, has diameter of 15 mm, and mass of 1.9 grams. The image shows the front and back sides of six purported new Philippine banknotes in 5,000, 1,000, 500, 200, 100 and 50-peso denominations. Colored orange, the main design on the front of the note features a portrait of Philippine president Manuel L. Quezon along with scenes associated with Quezon, including the declaration of Filipino as the national language of the Philippines and Malacañang Palace, the official residence of the President of the Philippines. The ₱20 coin, also in the same announcement, received its final designs in the same month and the two coins will be released for circulation in December 2019. Also on the front of the note is an image of the Centennial celebration of Philippine independence. MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) on Tuesday, December 5, released into circulation a new set of New Generation Currency (NGC) banknotes with an "enhanced design." The Bangko Sentral ng Pilipinas states that the new 20 peso coin lasts for 10 to 15 years, longer than a 20 peso banknote. Facebook Comments. The composition is nickel-plated steel, has diameter of 25 mm, and mass of 7.4 grams. Philippines upgrades New Generation Currency… The Central Bank of the Philippines has today issued upgraded banknotes of the New Generation Currency series containing new design elements. Pursuant to its mandate of preserving the integrity of Philippine currency, the Bangko Sentral ng Pilipinas releases today New Generation Currency (NGC) banknotes with enhanced design. [5], In 2017, the BSP updated the design of the NGC series banknotes. The obverse side of the coin feature the description "Republika ng Pilipinas", the three stars and the sun (stylized representation of the Philippine flag), the denomination, year of minting, and mint mark, and the reverse side of the coin depicts the Dillenia philippinensis (Katmon), a plant endemic to the Philippines and the current logo of the Bangko Sentral ng Pilipinas. New Generation Currency Series (2010-present) In 1995, a new set of coins and notes was issued In 2009, the Bangko Sentral ng Pilipinas announced that it launched a massive redesign for current banknotes and coins to further enhance security features and improve durability. Watch the new improved security features below. The main designs shown on the back feature the Mayon Volcano, the Whale Shark (locally known as Butanding, scientific name Rhincodon typus) and a weave design from Bicol. To provide a smooth transition from the New Design Series to New Generation Currency series, BSP purposely retained some NDS features, such as, the size, predominant colors and the featured personalities in the NGC, except for the portrait of President Corazon Aquino which is an added portrait on the 500-piso note. Lauralee Dangelo. The coins are struck in Nickel-plated steel for all six denominations, in response to the widespread hoarding and melting down of the coins, decreasing the cost of production of minting the coins and address concerns of the discoloration of the coins due to the humid, tropical environment. The Bangko Sentral ng Pilipinas (BSP) on Wednesday officially launched the enhanced new generation currency (NGC) banknotes, which the central bank said features the latest anti-counterfeiting technology. The new banknotes became available in December 2010, nearly three years after initial discussions on a new generation currency series started. The New Generation Currency (NGC) Series is the name used to refer to Philippine peso banknotes issued since 2010 and coins issued since 2018 (2017 for the five peso coin). 1 min. The 2017 issue features images showing the Declaration of Philippine Independence in Kawit, Cavite, and the Opening of the Malolos Congress in Barasoain Church, Malolos, Bulacan. The New Generation Currency (NGC) Banknote Series now in circulation was first issued in December 2010. Maglalabas na ulit ng new generation Philippine banknotes ang Bangko Sentral ng Pilipinas. The New Generation Philippine Banknotes - short video. Browse more videos. This is the third edge inscription coin used in the Philippines in common circulation after the 1897 one peso coin which edge is fleur-de-iles and the 50 centavo coin in 1880–1885 which is inscripted LEY PATRIA REY *** which means "Law, homeland, king". read By eCompareMo on December 6, 2017. Colored violet, the main designs for this denomination on the front depict a portrait of Philippine president Manuel A. Roxas and images associated with Roxas, including the founding of the Central Bank of the Philippines (Bangko Sentral ng Pilipinas) in 1949 and the Inauguration of the Third Philippine Republic on July 4, 1946. 100 Philippines Peso (2016) Banknote, ... Banknote, New Generation Currency Series” Cancel reply. The notes also have features for the benefit of the visually impaired. Meanwhile, for the new coins, we estimate that it will also take about three years to develop the new generation coin series, from concept to actual delivery. The NGC will co-exist with the NDS approximately until 2014, while BSP is building up its capability to print and produce NGC banknotes with the latest anti-counterfeiting security features incorporated through advanced technologies, benchmarked worldwide. 0:54. Attention moms and dads! PANOORIN: Enhanced New Generation Currency Banknotes. | CanStock The composition is nickel-plated steel, has diameter of 23 mm, and mass of 6 grams. These banknotes remain a constant reminder of the Philippine patriotism and bravery, and centuries of striving for the Filipino people’s better future. Report. Colored yellow, the main designs on the front of the note feature the dual portraits of Philippine Senator Benigno Aquino Jr. and his wife, Philippine president Corazon C. Aquino. The New Generation Philippine Banknotes Its been a while since our beloved Peso had a makeover, and yes, it sure is a welcome change. The main designs on the back of the note feature the Tubbataha Reefs Natural Park, the South Sea Pearl (Pinctada maxima), and a cloth design from the Mindanao design for Tinalak (Ikat-dyed abaca). 0. Colored green, the main designs of the front of the note feature a portrait of Philippine president Diosdado P. Macapagal, along with images associated with Macapagal, including the EDSA People Power 2001, the Aguinaldo Shrine in Kawit, Cavite and the Barasoain Church in Malolos, Bulacan. Alamin ang iba't-ibang features nito. No membership needed. The main designs on the front of the note were used from 2010 to 2017. The obverse side of the coin features a portrait of Philippine President Manuel Quezon and the reverse side of the coin depict the Scyphiphora (Nilad), Malacañang Palace, the official residence and workplace of the President of the Philippines and the current logo of the Bangko Sentral ng Pilipinas. As for the 200-pesos bills, only two million pieces were released because of lower demand for this denomination. One notable feature is the edge inscription, with the initial "BSP" at six angles. The obverse side of the coin feature the description "Republika ng Pilipinas", José Rizal, a national hero of the Philippines, the denomination, year of minting, and mint mark, and the reverse side of the coin depicts the Vanda sanderiana (Waling-Waling), a plant endemic to the Philippines and the current logo of the Bangko Sentral ng Pilipinas. In 2009, the Bangko Sentral ng Pilipinas announced that it launched a massive redesign for current banknotes and coins to further enhance security features and improve durability. Like B546a, but new signatures (Mansouri/Salamé) and new date (01.09.2020). Updated the design of the Centennial celebration of Philippine independence ] the series uses the Myriad and Twentieth typefaces... 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