- Many Filipino gets confused between the new five peso coin and the existing one peso coin
- Recently, a netizen posted a photo of the two coins together and said that it's so confusing
- The BSP explains how are we going to differentiate the two coins
KAMI learned that after netizens slams the new released five peso coin, the BSP highlighted the differences between the new P5 coins and P1 coins to avoid confusion among consumers. ABS-CBN News recently reported about this.
As we can see, the five peso and one peso coin is similar in size and color. Most of the Filipinos agreed that it will be harder for the elders and the ones who has blurry eyesight to distinguish.
The new five peso coins are thicker and heavier compared to the one peso coins, said BSP managing director for currency management Carlyn Pangilinan.
"The P5 coin is heavier. It is 7.4 grams. It is thicker, 25 millimeters in diameter, and slightly larger than the P1 coin. Moreover the five peso coin sides are smooth while the one peso coin has ridges," she said.
The face of revolutionary leader Andres Bonifacio and the image of the tayabak plant are among the obvious differences of the five peso coin from the one peso coin.
Pangilinan said that we can know the difference by feeling, looking and tilting them. She also said that the release of the new five peso coin was to commemorate Andres Bonifacio's 154 birthday.
It is also to alleviate the "artificial shortage" due to coins being kept in coin banks. "It is also to address greater coin demands during the Christmas season," Pangilinan said.
The new design was revealed last November 29, ahead of the other newly-designed coins under the New Generation Currency (NGC) Coin Series. The new P5 coin has circulated on December 1, with the rest of the denominations scheduled for next year.
KAMI wants to remind everyone to be attentive when it comes to the new coins.
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