Yesterday, the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, officially launched the designs for the country’s new coins. And while they now have additional security features, Filipinos are less than pleased about how the coins look.
I mean, isn’t this confusing?
Even with this breakdown, it’s obvious that it’s not going to be easy to distinguish which coin is which. All have similar colors, identical layouts, and some are only a few millimeters bigger than others. For example, the PHP10 coin is only 2 millimeters bigger than the PHP5 — imagine having to examine each coin in your purse while riding a jeepney.
The New Generation Currency (NGC) coins, as the BSP calls them, includes redesigned PHP10, PHP5, PHP1, 25-centavo, 5-centavo, and 1-centavo coins that now all have micro-printed details made by laser-engraving technology that are more difficult to replicate.
But Filipinos online aren’t happy about having to use them.
Jeepney drivers, bus conductors, sarisari store owners and commuters all over the Philippines after reading about the new BSP coins : pic.twitter.com/Xl9JyuOGgd
— Rey L (@reyl) March 26, 2018
Philippines is so smart all our coins look like each other pic.twitter.com/PVjKxd0NRQ
— さつにゃん⭐️青春革命 (@_satsunyan) March 26, 2018
there was one time a driver eagerly gave me two new 5-peso coins so he could relieve himself of the stress of distinguishing them then the next day i pay them off first thing in the morning. wake up philippines it's a fvcking nightmare.
— denise (@jonginsideme) March 26, 2018
It's okay for paper bills to have the same color… but coins?! Who the f**k proposed that sh**?! #Philippines
— Alyssa (@ItsMariaAlyssa) March 26, 2018
everything in the philippines is just falling apart, isnt it? kahit di mo dapat problemahin nagiging problema putang ina bakit silver lahat ng coins
— Wayne | Econo Mix (@waynedows10) March 26, 2018
As a comparison, this is how the current coins look:
So much easier right?
But in a DZMM radio interview earlier today, the BSP’s Deputy Governor for the Monetary Stability Sector, Diwa Guinigundo, defended the new designs and said that they are the result of a two-year study.
“When you read or look closely, the ‘5’ is clear in the PHP5. When you look at the PHP1, the ‘1’ is also clear. So the public shouldn’t be confused if they only look at the denomination,” he said in Filipino.
Yeah, except most people like knowing what denomination it is at first glance, which is how coins are supposed to work.
According to the BSP, the old coins can still be used alongside the new coins until it announces a demonetization.
Here’s a closer look at the new coin designs:
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