Did Bangko Sentral Issue New “Bagong Lipunan” Coins?
BANGKO SENTRAL – The BSP or the Central Bank of the Philippines reacted to claims on social media about the alleged “new Bagong Lipunan coins”.
In the Philippines, the official body that is in-charge of the publishing and release of the banknotes and bills is Bangko Sentral ng Pilipinas (BSP) or the Central Bank of the Philippines. Tracing history, there were already several series of banknotes and coins that were demonetized in the country.
BSP continues to remind the public to take extra care in handling coins and banknotes most especially the paper bills as a huge part of the government funds is used in its printing. There are laws that set rules regarding the handling of Philippine money.
Recently, BSP confirmed the release of new P1000 banknotes. The main difference of the said bills compared with the existing P1000 banknotes are the material used and the images printed on the bills.
Instead of the image of the World War II heroes Jose Abad Santos, Josefa Llanes-Escoda, and General Vicente Lim, in the new P1000 banknotes, an Eagle is printed. It is made of polymer.
Amid the rules on the proper handling of the new P1000 polymer bills circulating the social media, there are also false claims that a new “Bagong Lipunan” coins series will be released. Bangko Sentral ng Pilipinas reacted to it.
Based on a report on ABS-CBN News, Bangko Sentral clarified that the last coin series it has released is the New Generation Currency (NCG). According to BSP, the “Bagong Lipunan” coins in the images that are circulating on social media were issued in 1975 and were demonetized in 1998.
The Central Bank advises the public to always check the information they find on social media regarding the Philippine coins and banknotes.
You may also visit – P1000 Bill – Malacañang Speaks on the Old, New Design for Banknote
