Tuesday 23 July
Sep 11, 2018 @ 21:17

‘Wag isnabin ang barya! BSP urges public to accept new but confusing coins

 

DUMAGUETE CITY ? The Bangko Sentral ng Pilipinas (BSP) in Negros Oriental has appealed to the public to accept the new series of coins, which many people have complained about apparently for causing “confusion”.

Consumers and public utility vehicle passengers have noted that the new P5 coin is of the same size as the old P1, thus the confusion.

Dr. Gregorio Baccay, who heads the Economic and Financial Learning Center of the BSP here, said, ?We are appealing to the public to accept and get used to the new series of coins as these will replace the old coins? once they are demonetized.

At the same time, he explained to the public how to get used to the new coins by ” looking and feeling.”

To look means to see the sides of the new coins, as these have new designs, and to feel, meaning to check on the edge if they are plain or with ridges, he added.

Baccay said he new series of coins has added security features such as micro-prints and mint marks.

He clarified that the old peso coins were still legal tender even as the new series of coins have already been released.

(PNA)

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