MANILA, Philippines - Filipinos may soon be using new coins as early as 2015 as the Bangko Sentral ng Pilipinas (BSP) is finalizing the design and features of the currency.
“We are now discussing the new generation coins... A committee is now discussing the design for the new coins and by 2015, this is expected to be finalized,†BSP Deputy Governor Diwa C. Guinigundo said.
“So probably by 2015 or 2016, we will be launching the NGC (new generation currency) coins,†he added.
Guinigundo further said the design and make of the coins will have to be approved first by the BSP Governor and the President before they are launched to the public.
The new coins will match the new generation bank notes launched in late 2010 and may have lesser metal content.
At the same time, new technologies to prevent counterfeiting will be introduced, along with features that would help the blind distinguish between the denominations.