TIM eMagazine Volume 2 Issue 9 | Page 69

TIM eMagazine Vol.2 Issue 9 Advance Release of the 5-Piso New Generation Currency Coins T he Bangko Sentral ng Pilipinas (BSP) an- nounced that of the New Generation Cur- rency (NGC) Coin Series, will be released in advance of the other denominations, the 5-piso NGC legal tender coin for circula- tion, starting December 2017. The 5-piso NGC coin features on the obverse, Gat. Andres Bonifacio. The BSP’s advance release of the 5-piso NGC coin highlights the 120th death anniversary of the Filipino patriot this year and his 154th birthday on No- vember 30. Widely regarded as one of the Philippines’ greatest heroes, Bonifacio was a fearless leader who founded the Katipunan, the secret society that ignited the flames of the revolution which finally led to the declaration of Philippine indepen- dence in 1898. Bonifacio died on 10 May 1897. Thus, considered as the Father of the Philippine revolution, Bonifacio’s portrait is etched on the obverse of the coin, along with the markings, "ANDRES BONIFACIO", "5-PISO" and "RE- PUBLIKA NG PILIPINAS" in bold font and in microprints, and the mint mark. The reverse side, meanwhile, features the Tay- abak, a Philippine endemic plant that climbs tall forest trees, the BSP logo and “Bangko Sentral ng Pilipinas” in microprint. The 5-piso NGC coin is 25-millimeters in diameter and weighs approximately 7.4 grams. The NGC Coin Series adopts the latest technology in mint- ing coins. The security features of the NGC Coin Series are en- hanced to deter counterfeiting, improve wear and corrosion resistance capabilities, saves the BSP minting costs, avoids risks arising from unexpected volatile swings in metal prices, and also deters the illegal hoarding of coins for melting and shipment to other countries. Coins in the NGC Series will feature the BSP logo, national heroes and endemic flora, consistent with the design of the NGC Banknote Series, launched in 2010, which also highlights Philippine fauna. The rest of the denominations of the NGC Coin Series will be released by the BSP for circulation in January 2018. bsp. gov.ph The 5-piso NGC coin features on the obverse, Gat. Andres Bonifacio. The BSP’s advance release of the 5-piso NGC coin highlights the 120th death anniversary of the Filipino patriot this year and his 154th birthday on November 30. 69