Sometimes, upgrades and improvements don’t always improve something.
Just recently, the Bangko Sentral ng Pilipinas under its new administration ordered the release of the newly-designed five-peso coin to improve our bill system.
In a recent statement released by the BSP, it said that the new coin will be included in the currency system starting December 1.
The coin was part of the program titled New Generation Currency (NGC) Coin Series by the BSP.
It featured major changes to the old five-peso coin which is yellowish gold in color.
Now, the new coin features the same color as the one-peso coin, or silvery and shiny shade.
According to BSP, the coins’ security features where strengthened to avoid counter-feting and it has also strengthened corrosion resistance capacity.
Also, the obverse side or ‘face’ of the coin is also changed as it now featured the Father of Filipino Revolution Andres Bonifacio instead of Emilio Aguinaldo.
Meanwhile, the reverse side shows the endemic Philippine flora (plant) Tayabak.
But despite the effort put into redesigning the new coin, not everyone was pleased by its design.
Some emphasized the coins striking similarity to the one-peso coin, which can definitely lead to public confusion.
Netizens reacted to the announcement shortly after it was posted.
One said, “Kung kasing sukat man po ng piso, sana hindi na ipinareho ng kulay kasi maraming malilito.”
Another said, “Nadali rin yong driver na nagsukli sa akin niyan. Akala ko tatlong piso lang, pagtingin ko ng mabuti, five-peso yong isa.”
Comments like these and some other factors prompted Sen. Nancy Binay to request the halting of the release of the redesigned coin into our currency.
She said in a report, “Sana po ay mayroong maayos na information drive, media campaign or advisories na ginawa ang BSP bago ilabas ang mga bagong barya. We welcome the change if it was not an issue to security but the problem lies on the circulation where the new coins will co-exist with the coins … that are now more widely used in public.”
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