BSP to launch in December new P20 coin to replace banknote

MANILA, Philippines — The country’s most heavily used currency denomination — the P20 banknote that is all too easily soiled and worn by frequent use in wet markets and small transactions — will officially be replaced by a coin, the central bank said on Monday. In a statement, the Bangko Sentral ng Pilipinas (BSP) said … Continue reading BSP to launch in December new P20 coin to replace banknote