The Bangko Sentral ng Philipinas (BSP) will reveal the new design for the P20 coin by December. The P20 coin is slated to be in circulation by 2020, replacing the P20 banknote which has the most deterioration due to constant use.
The BSP considers the P20 coin as the most cost-efficient in the long run. The P20 coin will circulate along with the P 20 banknote as legal tender. The banknote will be gradually removed from circulation.
The BSP will also release an enhanced P5 coin by the end of 2019.