New Generation Currency Series

New Generation Currency Series banknotes.
New Generation Currency Series coins.

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] The series uses the Myriad and Twentieth Century typefaces.

History of the Banknotes

Background

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.[2]

Introduction

The members of the numismatic committee included Bangko Sentral Deputy Governor Diwa Guinigundo and Dr. Ambeth Ocampo, chairman of the National Historical Institute. Designed by Studio 5 Designs and Design Systemat, the new banknotes' designs features famous Filipinos and iconic natural wonders. Philippine national symbols will be depicted on coins. The BSP started releasing the initial batch of new banknotes in December 2010. The word used in the bills was "Pilipino" rendered in Baybayin (ᜉᜒᜎᜒᜉᜒᜈᜓ). On December 16, 2010, the new design for Philippine banknotes were released. The font used for lettering in the banknotes is Myriad, while the numerals are set in the Twentieth Century font.[3]

Duterte Banknotes

On December 16, 2016, BSP announced that they will launch sets of banknotes bearing President Duterte's signature. The BSP initially released five million pieces of the new 20, 50, 100, 500, and 1,000-peso bills with Duterte's signature. As for the 200-pesos bills, only two million pieces were released because of lower demand for this denomination.[4]

Demonetization of the New Design Series

The New Generation Currency series were the only circulating set of notes since December 30, 2017.[5]

2017 Enchanced Version

In 2017, the BSP updated the design of the NGC series banknotes.[6]

History of the Coins

Introduction

On March 26, 2018, the Bangko Sentral ng Pilipinas introduced the New Generation Currency Coin Series which was circulated through banks on March 27. The new series features native Philippine flora. However, the 10-sentimo coin is not included in this series, because it was removed as a general circulation coin.[7]

Banknotes

New Generation Currency series
ImageValueDimensions
(millimetres)		Main ColourDesignYear of First IssueUsage in circulation
ObverseReverseObverseReverse
₱20 160 × 66 Orange Manuel L. Quezon, Declaration of Filipino as the national language, Malacañang Palace Banaue Rice Terraces; Paradoxurus hermaphroditus philippinensis (palm civet); Cordilleras weave design December 17, 2010 Wide
₱50 160 × 66 Red Sergio Osmeña, First Philippine Assembly, Leyte Landing Taal Lake in Batangas; Caranx ignobilis, maliputo (giant trevally); Batangas embroidery design December 17, 2010 Wide
₱100 160 × 66 Violet Manuel A. Roxas, Old Bangko Sentral ng Pilipinas (BSP) building in Intramuros, Manila, Inauguration of the Third Philippine Republic Mayon Volcano in Albay; butanding, Rhincodon typus, whale shark; Bicol textile design December 17, 2010 Wide
₱100 160 × 66 Violet Manuel A. Roxas, Old Bangko Sentral ng Pilipinas (BSP) building in Intramuros, Manila, Inauguration of the Third Philippine Republic, stronger mauve color than previous banknote Mayon Volcano in Albay; butanding, Rhincodon typus, whale shark; Bicol textile design April 11, 2015 Wide
₱200 160 × 66 Green Diosdado P. Macapagal, EDSA People Power 2001, Aguinaldo Shrine in Kawit, Cavite, Barasoain Church in Malolos, Bulacan

Chocolate Hills in Bohol; Tarsius syrichta, Philippine tarsier; Visayas weave design

 December 17, 2010 Limited
₱200 160 × 66 Green Diosdado P. Macapagal, EDSA People Power 2001, Declaration of Philippine Independence in Kawit, Cavite, Opening of the Malolos Congress in Barasoain Church, Malolos, Bulacan

Chocolate Hills in Bohol; Tarsius syrichta, Philippine tarsier; Visayas weave design

 December 5, 2017 Limited
₱500 160 × 66 Yellow Corazon C. Aquino, Benigno S. Aquino, Jr., EDSA People Power I, Benigno Aquino monument in Makati City

Subterranean Underground River in Puerto Princesa, Palawan; Tanygnathus lucionensis, blue-naped parrot; Southern Philippines cloth design

 December 17, 2010 Wide
₱1000 160 × 66 Light Blue José Abad Santos, Vicente Lim, Josefa Llanes Escoda; Centennial celebration of Philippine independence; Philippine Medal of Honor

Tubbataha Reefs Natural Park in Sulu Sea; Pinctada maxima, South Sea pearl; Mindanao design for Tinalak (Ikat-dyed abaca)

 December 17, 2010 Wide
₱1000 160 × 66 Light Blue José Abad Santos, Vicente Lim, Josefa Llanes Escoda; Centennial celebration of Philippine independence

Tubbataha Reefs Natural Park in Sulu Sea; Pinctada maxima, South Sea pearl; Mindanao design for Tinalak (Ikat-dyed abaca)

 December 5, 2017 Wide
For table standards, see the banknote specification table.

Coins

ObverseReverseFace ValueDiameterMassEdge ThicknessCompositionEdgeObverseReverseIntroduced
1 sentimo 15 mm 1.90 g 1.54 mm Nickel-plated steel Plain "Republika ng Pilipinas"; Three stars and the sun (stylized representation of the Philippine flag); Value; Year of minting; Mint mark Xanthostemon verdugonianus (Mangkono); logo of the Bangko Sentral ng Pilipinas March 26, 2018
5 sentimo 16 mm 2.20 g 1.60 mm Nickel-plated steel Reeded "Republika ng Pilipinas"; Three stars and the sun (stylized representation of the Philippine flag); Value; Year of minting; Mint mark Calotropis gigantea (Kapal-kapal Baging); logo of the Bangko Sentral ng Pilipinas March 26, 2018
25 sentimo 20 mm 3.60 g 1.65 mm Nickel-plated steel Plain "Republika ng Pilipinas"; Three stars and the sun (stylized representation of the Philippine flag); Value; Year of minting; Mint mark Dillenia philippinensis (Katmon); logo of the Bangko Sentral ng Pilipinas March 26, 2018
₱1 23 mm 6.00 g 2.05 mm Nickel-plated steel Segmented (Plain and Reeded edges) "Republika ng Pilipinas"; Portrait of José Rizal; Value; Year of minting; Mint mark Vanda sanderiana (Waling-waling); logo of the Bangko Sentral ng Pilipinas March 26, 2018
₱5 25 mm 7.40 g 2.20 mm Nickel-plated steel Plain "Republika ng Pilipinas"; Portrait of Andrés Bonifacio; Value; Microprint of "Republika ng Pilipinas"; Year of minting; Mint mark Strongylodon macrobotrys (Tayabak); logo of the Bangko Sentral ng Pilipinas; Microprint of "Bangko Sentral ng Pilipinas" November 30, 2017
₱10 27 mm 8.00 g 2.05 mm Nickel-plated steel Reeded with edge inscription of "BANGKO SENTRAL NG PILIPINAS" in italics "Republika ng Pilipinas"; Portrait of Apolinario Mabini; Value; Microprint of "Republika ng Pilipinas"; Year of minting; Mint mark Medinilla magnifica (Kapa-kapa); logo of the Bangko Sentral ng Pilipinas; Microprint of "Bangko Sentral ng Pilipinas"; Microdots March 26, 2018

Design

Coins

1 sentimo

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 Xanthostemon verdugonianus (Mangkono), a plant endemic to the Philippines and the current logo of the Bangko Sentral ng Pilipinas. The composition is nickel-plated steel, has diameter of 15 mm, and mass of 1.9 grams.

5 sentimo

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. The composition is nickel-plated steel, has diameter of 16 mm, and mass of 2.2 grams.

25 sentimo

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. The composition is nickel-plated steel, has diameter of 20 mm, and mass of 3.6 grams. The size and mass of this coin has same as 25 centavos in BSP Series.

1 peso

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. The composition is nickel-plated steel, has diameter of 23 mm, and mass of 6 grams.

5 pesos

The obverse side of the coin feature the description "Republika ng Pilipinas", Andres 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. The composition is nickel-plated steel, has diameter of 25 mm, and mass of 7.4 grams.

10 pesos

The obverse side of the coin feature the description "Republika ng Pilipinas", Apolinario Mabini, a national hero of the Philippines, the denomination, year of minting, and mint mark, and the reverse side of the coin depicts the Medinilla magnifica (Kapa-kapa), a plant endemic to the Philippines and the current logo of the Bangko Sentral ng Pilipinas. The composition is nickel-plated steel, has diameter of 27 mm, and mass of 8 grams. This is the first edge inscription coin of the Philippines.

Banknotes

20 pesos

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 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.

50 pesos

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 main designs on the back show Taal Lake, the Giant Trevally (locally known as Maliputo) (Caranx ignobilis) and an embroidery design from Batangas province.

100 pesos

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. The main designs shown on the back feature the Mayon Volcano, the Whale Shark (locally known as Butanding) (Rhincodon typus) and a weave design from Bicol. The original version, issued from 2010 to 2016, included a blue underprint. 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.

200 pesos

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. The main designs on the back of the note feature the Chocolate Hills in Bohol, the Philippine tarsier (Tarsius syrichta), and a weave design from the Visayas. The main designs on the front of the note were used from 2010 to 2017. 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.

500 pesos

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. 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 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.

1000 pesos

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. Also on the front of the note are images of the image of the Centennial celebration of Philippine independence. 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). The original issue from 2010 to 2017 featured the Order of Lakandula and its description on the front. Notes issued from 2017 onwards omit both the medal and its description.

References

  1. ↑ "New Generation Currency Series (2010-present)". www.bsp.gov.ph. Retrieved 2018-06-27.
  2. ↑ "The New Generation Currency Program of the Philippines (Bangko Sentral ng Pilipinas)". Bsp.gov.ph. 2010-03-26. Retrieved 2012-06-05.
  3. ↑ Cory, Ninoy together again on new 500-peso bill, Jam Sisante, GMANews.TV, December 16, 2010
  4. ↑ https://cnnphilippines.com/news/2016/12/20/duterte-bsp-banknotes.html
  5. ↑ "Still hanging on to your old peso bills? Read this". ABS-CBNnews.com. 29 December 2014. Retrieved 22 February 2015.
  6. ↑ BSP Releases New Generation Currency Banknotes with Enhanced Design and the Signature of the Fourth Governor of the Bangko Sentral ng Pilipinas, Bangko Sentral ng Pilipinas, December 5, 2017
  7. ↑ Cabuenas, Jon Viktor D. (March 26, 2018). "BSP releases New Generation Currency Coins". GMA News.
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