The Bangko Sentral ng Pilipinas has finally issued 100-piso banknotes with an overprint of the iconic UP Oblation to commemorate the centennial of the University of the Philippines (UP). Bangko Sentral printed 10 million pieces of the 100-piso banknotes with the oblation overprint. At its launching, Bangko Sentral ng Pilipinas Governor Amando Tetangco, Jr. presented to UP President Emerlinda Roman a whole sheet with 32 pieces of the 100-piso UP centennial banknotes.
According to UP President Roman, the 4-piece uncut notes being sold for P1000 a set took P500 to produce. That means for every set you buy, you are also contributing P500 for the development of UP.
Order your own collectible centennial notes now! The collectible uncut notes will be sold for P1,500 a set after June 30!
Labels: Commemorative Banknotes
Do you think it is practical to use the small centavo coins? Most of these 1, 5, 10, and 25 centavo coins are probably hidden away and forgotten in piggy banks and donation boxes. What can you buy with them anyway? Please vote on our poll at the right side of this blog. You may choose more than one option.
Other than some established supermarkets in the country, most stores would round-down your change to the nearest 25 centavos. Some would even substitute candy as change because they don't have enough of the small coins. Why? Simply because the small centavo coins hardly circulate since people don't bother to use them anymore.
Why mint these small coins if they have no practical use? With high metal prices, they have become expensive to mint and prone to smuggling. Facing similar problems, other countries already phased out their lower denominated coins and mandated that transactions should be rounded off to the lowest available coin (e.g. 5 cents).
Should the Bangko Sentral insist on producing these small centavo coins? Or should it focus on its Coin Recirculation Program instead? Please vote on our poll.
This poll has ended. See the results.
Reverse: Ronald Reagan, Official Working Visit, Washington DC, September 1986
Mintage: Approximately 1000
Date of minting: December 10, 1986
Months after the People Power Revolution of 1986, Philippine President Corazon Aquino made an official working visit to Washington DC to meet with President Ronald Reagan and other US Government officials. Regarded worldwide as a symbol of democracy, President Aquino's state visit must have been of historic importance that the Franklin Mint of the United States struck this gold proof coin to commemorate the event.