The Bangko Sentral ng Pilipinas has released the new set of coins set to roll out starting on the first quarter of 2020.
The new Php20 coin has a gold-colored outer ring and a silver core and it will be bigger in size compared to other coins.
The new coins would still feature the face of former President Manuel L. Quezon while the BSP logo, the nilad power and Malacañang will be on the other side.
BSP Senior Assistant Governor for the Currency Management Sector Dahlia Luna said that an initial 500,000 pieces will be released in time for Christmas.
The BSP first revealed that they are planning to release Php20 coins in July.
BSP Governor Ben Diokno said that the shift from paper to coins was for durability. Producing coins is more costly but could stand for longer periods of time.
The BSP also revealed the new design of the Php5 coins which has been a subject of complaints because of its similarity with other coins.
Luna said that the new Php5 coin will have nine sides to make it easier to set apart, but will remain silver in color.
Two million pieces of the newly designed Php5 coin will be released as early as Tuesday.
