The P20 new generation currency (NGC) coin has come out as one of the finalists of the best new coins at the International Currency Awards, the Bangko Sentral ng Pilipinas (BSP) revealed Thursday.
According to the central bank, the P20 NGC coin was announced as one of the finalists for the Excellence in Currency 2022 Awards under the Best New Coin or Series of the International Association of Currency Affairs (IACA).
The finalists were chosen from 39 nominated projects of 20 central banks, three commercial banknote issuers, nine suppliers to the banknote industry, and one banknote distribution system.
Winners will be announced by the IACA — an international exchange for consultation and collaboration on the cash payments cycle — on February 22, 2022.
The P20 NGC coin was officially launched in 2019, featuring former President Manuel Quezon on the obverse side and the BSP logo and the Malacañan Palace on the reverse side.
The central bank released other denominations of the NGC in 2018, when it dropped the 10-centavo coin and added the 1-centavo coin. — DVM, GMA News