BSP WARNS PUBLIC AGAINST ‘BRILLIANT UNCIRCULATED’ P20 COINS FOR SALE
The Bangko Sentral ng Pilipinas (BSP) on Wednesday warned the public against online sellers advertising supposed “brilliant uncirculated P20 coins.”
In an advisory, the central bank said that only the new generation currency (NGC) P20 coins are legal tender and may be used for transactions.
“The BSP advises the public that it has not issued Brilliant Uncirculated 20-Piso coins. The BSP reminds the public to beware of online sellers advertising Brilliant Uncirculated 20-Piso coins for sale,”
The P20 NGC coin was officially launched by the BSP in December. As of end-August 2020, there are currently 2.09 million pieces in circulation, equivalent to P41.85 million.