Welcome!

BFMONTPX – Monetary Policy

and Central Banking

Dr. Jay-Ar C. Dimaculangan, CHRP, AEPP, AWP, MIEE,

LPT
The Philippine
Coins and Notes –
Part 2
Learning Outcomes

• Illustrate and describe the enhanced security features of the New

Generation Currency (NGC)

• Detect counterfeit money

 Introduction
• In 1995, a new set of coins and notes was issued. In 2009, the Bangko Sentral ng
Pilipinas announced that it launched a massive redesign for current banknotes and
coins to further enhance security features and improve durability. The members of
the Numismatic Committee include Bangko Sentral Deputy Governor Diwa
Guinigundo and Dr. Ambeth Ocampo Chairman of the National Historical Institute.
• The new banknote design features famous Filipinos and iconic natural wonders.
Philippine national symbols will also be depicted on coins. To provide a smooth
transition from the New Design Series to New Generation Currency (NGC) series,
BSP purposely retained some NDS features, such as, the size, predominant colors
and the featured personalities in the NGC, except for th
• e portrait of President Corazon Aquino which is an added portrait on the 500-piso
note. The BSP started releasing the initial batch of new banknotes on December
16, 2010. The BSP launched in 2020 the enhanced NGC banknotes that are more
responsive to the needs of the elderly and the visually impaired, and feature the
latest anti-counterfeiting technology. The NGC and enhanced NGC banknotes are
legal tender and may be used as payment for goods and services.
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