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BSP to issue P20 coins

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THE central bank will issue P20 coins starting December to cut costs, Bangko Sentral ng Pilipinas Governor Banjamin E. Diokno said on Friday.

The coins will be cheaper to make in the long run because paper bills have to be replaced after six months, he told reporters. He said P20 bills are the most circulated paper bills in the country.

Like the paper version, the coin will have the face of the late President Manuel L. Quezon, Mr. Diokno said.

The plan will be submitted for President Rodrigo R. Duterte’s approval, he added. — Luz Wendy T. Noble

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