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| The P20 legal tender issued by the BSP in December 2019. Handout |
MANILA - The Bangko Sentral ng Pilipinas on Wednesday warned the public against online sellers advertising Brilliant Uncirculated ₱20 coins for sale.
"The Bangko Sentral ng Pilipinas (BSP) advises the public that it has not issued Brilliant Uncirculated 20-Piso coins," the BSP said in an advisory.
The BSP said it has released the new ₱20 New Generation Currency (NGC) circulation coins to the public last December 2019 which is a legal tender and can be used to purchase goods at face value.
A quick search on a popular social media platform showed a "20 Piso 2019 New Generation Currency (Brilliant Uncirculated)" coin selling for ₱100 per piece.
As of end August, 2.09 million pieces of the P20 NGC amounting to ₱41.85 million are in circulation, the central bank said.
The ₱20 coin is also the most used denomination for payments in the country, the BSP said. The ₱20 coin released in 2019 would replace the banknote form of the currency, it said.
This article first appeared on ABS-CBN News.
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