The Bangko Sentral ng Pilipinas (BSP) will release into circulation a 20 piso coin in 2020 following its ceremonial launch in December 2019.
The 20 piso banknote is the most used denomination for payments across the Philippines, and as such is easily rendered unfit for circulation and returned to the BSP for replacement. Therefore, the issuance of a coin in lieu of a banknote is more cost efficient in terms of currency production in the long run.
This latest addition to the New Generation Currency (NGC) Coin Series retains major design elements of the 20 piso banknote such as the portrait of former Philippine President Manuel Quezon, the BSP logo and the Malaca√±an Palace. Consistent with the theme of the NGC Coin Series, one of the native flora is featured – the nilad – which is believed to be the origin of the name of the country’s capital city, Manila.
The 20 piso coin utilises plated steel substrate due to the need for durability, security, mintability, availability, and cost efficiency. It is in bi-colour with bronze plating for the outer ring and nickel plating for the core. The coin has a unique Electro-Magnetic Signature, latent images and microprints to deter counterfeiting.
This paper focuses on the design process for this new circulation coin and the rationale for the conversion from banknote to coin instead of a change in banknote substrate. Public engagement through a nationwide information campaign utilising multiple communication channels such as mass media, print, face-to-face briefings and social media is also highlighted.