Coins and Notes - New Generation Currency Banknotes

Banknotes of the Philippine peso are issued by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) for circulation in the Philippines. The smallest amount of legal tender in wide circulation is ₱20 and the largest is ₱1000. The front side of each banknote features prominent people along with buildings, and events in the country's history while the reverse side depicts landmarks and animals.

Bangko Sentral ng Pilipinas (BSP) began the 12-year demonetization process of the New Design Series when the New Generation Currency (NGC) project was started in 2007 through formal conceptualization process which was a result of the meeting of the minds of people with diverse backgrounds and ideas: central bankers, artists, technocrats, historians, communication experts, and currency printers to further enhance security features and to improve durability. It is where the thematic content, designs, and security features underwent thorough deliberations and evaluation, and was undertaken by the BSP’s Numismatic Committee (Num Com) in consultation with the Monetary Board (MB) and, subsequently, with the approval of the BSP Governor and the President of the Philippines. The BSP released the new design of the banknotes on December 16, 2010 to the public, along with an initial batch, three years after the project was started. The series was approved by Presidents Gloria Macapagal Arroyo and her immediate successor Benigno Aquino III, making the only banknote series to be approved by two presidents.

Source Picture: https://en.wikipedia.org/wiki/Banknotes_of_the_Philippine_peso, 

https://www.bsp.gov.ph/SitePages/CoinsAndNotes/CoinsAndNotes.aspx

Source Text: https://en.wikipedia.org/wiki/Banknotes_of_the_Philippine_peso

In mid-2021, the Bangko Sentral ng Pilipinas announced that new polymer bills featuring the flora and fauna of the country will be in circulation. The portraits of Escoda, Abad Santos and Lim were replaced by a portrait of a Philippine Eagle.

In April 2022, the BSP began the circulation of the new and improved 1000-Piso polymer banknote. This will be used alongside the 1000-Piso paper banknotes. 

Source Picture By Einahr1 - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=128648720

Source Text: https://www.bsp.gov.ph/SitePages/CoinsAndNotes/CoinsAndNotes.aspx and 

https://en.wikipedia.org/wiki/Philippine_one_thousand-peso_note

Philippine peso coins are issued by the Bangko Sentral ng Pilipinas for circulation in the Philippines and are currently available in seven denominations. The Philippine peso has been in use since Spanish rule.

On November 29, 2017, the Bangko Sentral ng Pilipinas announced the release of the first coin in the New Generation Currency Series for circulation starting December 2017. As a tribute to the 154th birth anniversary of Andres Bonifacio, the first coin to be released was the new silver-colored 5-peso coin featuring Bonifacio on the obverse, replacing Emilio Aguinaldo. The reverse features the Tayabak plant and the new BSP logo.[10] The rest of the NGC coin series were presented on March 26, 2018.

The rest of the series was released March 2018 consisting of 1, 5 and 25-sentimo and 1, 5 and 10-piso. A 20-peso coin was added to the series on December 17, 2019, in order to replace the overused 20-piso banknote with a coin that could last 10–15 years longer in circulation.

Source Picture: 

https://www.bsp.gov.ph/Coins%20and%20Notes/Coins/NGCCS/NGCCoins.png on https://www.bsp.gov.ph/Pages/CoinsAndNotes/Coins/NewGenerationCurrencyCoinSeries.aspx

Source Text: https://en.wikipedia.org/wiki/Coins_of_the_Philippine_peso