{"id":142712,"date":"2017-12-28T23:37:46","date_gmt":"2017-12-29T04:37:46","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=142712"},"modified":"2025-01-14T06:25:59","modified_gmt":"2025-01-14T11:25:59","slug":"negrenses-urged-to-thoroughly-check-p5-coin-features","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/12\/28\/negrenses-urged-to-thoroughly-check-p5-coin-features\/","title":{"rendered":"Negrenses urged to thoroughly check P5 coin features"},"content":{"rendered":"
\"BSP<\/a>
BSP New Generation Currency (Photo by BSP)<\/figcaption><\/figure>\n

BACOLOD CITY\u2014<\/strong>\u00a0The Bangko Sentral ng Pilipinas (BSP) urged consumers in Negros Occidental to thoroughly check the features of the new PHP5 coins already circulating in the province.<\/p>\n

“We urge Negrenses to check the features, mainly the appearance of the coins they have, to ensure that they spend the right amount,” said Job Nepomuceno, deputy director of BSP-Bacolod.<\/p>\n

He said a limited number of new coins bearing the image of Andres Bonifacio were delivered in Negros Occidental earlier this month, and already distributed through various banks.<\/p>\n

\u201cThe new coin is a legitimate thus, it has monetary value and legal tender power,\u201d Nepomuceno said.<\/p>\n

The BSP official issued the reminder after concerns have been raised that the new PHP5 coin has similar features with that of the PHP1 coin.<\/p>\n

The newly-designed PHP5 coin is part of the New Generation Currency (NGC) coin series.<\/p>\n

The obverse side or the side bearing the head features the image of Bonifacio, considered as the “Father of the Philippine Revolution.”<\/p>\n

Bonifacio replaced General Aguinaldo, the first President of the Philippines, whose image has been minted on a PHP5 coin since 1991.<\/p>\n

The reverse side bears a Philippine plant called \u201cTayabak\u201d and the BSP logo.<\/p>\n

Nepomuceno said that after the BSP demonetized the old banknotes, it may also start demonetizing old coins next year.<\/p>\n

The BSP will accept old banknotes for replacement only until December 29.<\/p>\n

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<\/p>\n

Holders of New Design Series (NDS) banknotes can exchange them without charges from the BSP.<\/p>\n

The BSP had earlier set the first deadline for replacement in December 2016.<\/p>\n

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It was then extended to March and June this year, and finally to December 29, 2017.<\/p>\n

In Negros Occidental, the BSP-Bacolod had earlier said there is minimal amount of old bills in the province which have yet to be replaced.<\/p>\n

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<\/p>\n

By 2018, old banknotes will already be demonetized, and these currency bills will have no more monetary value and legal tender by then.<\/p>\n","protected":false},"excerpt":{"rendered":"

BACOLOD CITY\u2014\u00a0The Bangko Sentral ng Pilipinas (BSP) urged consumers in Negros Occidental to thoroughly check the features of the new …<\/p>\n","protected":false},"author":33,"featured_media":141528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[20472,41053,41052],"class_list":["post-142712","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news-ph","tag-bangko-sentral-ng-pilipinas-bsp","tag-consumers-in-negros-occidental","tag-negrenses-urged-to-thoroughly-check-p5-coin-features","mauthors-erwin-nicavera","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/142712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=142712"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/142712\/revisions"}],"predecessor-version":[{"id":284133,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/142712\/revisions\/284133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/141528"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=142712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=142712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=142712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}