BSP revealed that the P20 NGC coin has come out as one of the finalists of the world’s “best new coins”
BSP — The Bangko Sentral ng Pilipinas recently revealed that the P20 NGC (new generation currency) coin has come out as one of the finalists of the “best new coins” at the International Currency Awards.
The central bank said that the P20 NGC coin was announced as one of the finalists for the IACA Excellence in Currency 2022 Awards under the “Best New Coin or Series”.
Also among the finalists of the world’s “best new coins” were Banco de México’s 20 Pesos Commemorative Coins (Veracruz and others) and the National Bank of Kazakhstan’s 200 Tenge Coin.
According to the International Association of Currency Affairs (IACA), the finalists were chosen from 39 nominated projects of 20 central banks, 3 commercial banknote issuers, 9 suppliers to the banknote industry, and 1 banknote distribution system. Winners will be announced by the IACA on February 22, 2022.
The P20 new generation coin was officially launched in 2019, featuring the BSP logo and the Malacañan Palace on the reverse side and former President Manuel Quezon on the obverse side.
BSP released other denominations of the NGC in 2018, when it added the 1-centavo coin and dropped the 10-centavo coin.
Meanwhile, the Bangko Sentral ng Pilipinas clarified last month that the P1,000 banknote featuring the Philippine heroes will continue to be in circulation.
This, as BSP Governor Benjamin Diokno defended the new design for the P1,000 banknote which featured the Philippine eagle versus the earlier designs with Philippine heroes.