New 1-peso Jose Rizal commemorative coin to go into circulation this month (Photo)

Posted by has in , , , on Saturday, December 10, 2011

Ten million pieces of a new one-peso coin with Jose Rizal's portrait will be issued this month by the Bangko Sentral ng Pilipinas (BSP) to commemorate the 150th birth anniversary of the national hero

According to the BSP, the Jose Rizal commemorative coin has been approved for issuance as legal tender by its Monetary Board and the Office of the President.

A preview of the new P1 Jose Rizal coin
The new P1 coin will have the same size (24 millimeters in diameter) and weight (5.35 grams) as the current one-peso in circulation. The grayish, nickel-plated coin will have the portrait of Rizal on its face with the inscribed words  “150 years,” “Republika ng Pilipinas,” and “1861-2011”. The reverse side will contain the new BSP seal, “1-piso,” and “2011.”

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