Fact check: Fresh new looks of Philippine peso coins are released

Fact check: Fresh new looks of Philippine peso coins are released

- An online post has claimed that new designs of Philippine peso coins are finally out

- The netizen claimed that most of the Philippine peso bills have turned into coins

- The post showed supposed P50, P100, P1,000, P1,500, and P5,000 coins

- However, it has been reported that the claim was misleading

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A social media post has claimed that the new designs of the Philippine peso coins have been finally revealed to the public.

However, KAMI learned that the claim was misleading.

In a report by Rappler, a netizen shared several photos on Facebook last October 27, 2019.

Eto na daw bagung pera ngaun grabe ginawa na nila lahat barya,” it read in the caption.

The photos showed the supposed coin counterpart of P50, P100, P500, P1,000, P1,500, and P5,000.

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According to Rappler, the coins shown in the photos were not the new designs, but mostly are commemorative coins that the Bangko Sentral ng Pilipinas (BSP) officially released for a limited time only.

Also, the BSP did not announce any new designs of Philippine peso coins, except the new P20 coin that will be revealed in December.

The P50, P1,000, 1,500, and P5,000 coins shown in the post were commemorative coins that the BSP released for the 3rd and 5th anniversaries of the Marcos’ administrations’ “Ang Bagong Lipunan.”

The P500 coin was an altered version of the coin memorabilia that was made to commemorate the papal visit Pope Francis in 2015.

However, the P5 coin included in the post was officially released by the BSP and still in circulation.

The last time the BSP released new designs of the coins was in March 2018.

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Source: Kami.com.ph

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