Before you start saving checking every bank around the town to know which one is the best Best Savings Account in the Philippines, you should check out the news 5 Peso and 1 Peso coin series that the Bangko Sentral ng Pilipinas (BSP) circulated last year. By now, you may have already seen these new coins or maybe you already have spend those 5 Peso coins and thought that they were 1 Peso coins since they look similar in size and color.
The new 5 Peso coin were released last December 1, 2017 to commemorate the 154th birth anniversary of the father of the Philippine Revolution – Andres Bonifacio. Andres Bonifacio was born on November 30, 1863 to Santiago Bonifacio and Catalina de Castro.
The portrait of Bonifacio, the Father of the Philippine Revolution, is etched on the obverse of the coin, along with the markings, “ANDRES BONIFACIO,” “5-PISO” and “REPUBLIKA NG PILIPINAS” in bold font and in microprints, and the mint mark.
The other side of the coin features the Tayabak, a Philippine endemic plant, the BSP logo, and “Bangko Sentral ng Pilipinas” in microprint.
The new P5 NGC coin is 25 millimeters in diameter and weighs approximately 7.4 grams.
The other newly designed coins will be circulated starting January 2018.
To make it easier for you to distinguish the new coins, just refer to the chart below.
New Generation Currency (NGC) Coins Comparison Chart