ICYMI There’s a New P5 Coin

and the Internet Isn’t Pleased

By Kyzia Maramara

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Late last year Bangko Sentral ng Pilipinas (BSP) released the new 5-peso coin design, a part of the New Generation Currency Coin Series.  It now features Gat Andres Bonifacio on one side and on the other, the Tayabak or Philippine Jade Vine. These new 5-peso coins have been in circulation since December 2017 and the rest of the coin series will be released for circulation this January.

While new coins are great and all, this one has features that earned a lot of negative criticism online.

The new 5-peso coin went from pale gold colored to silver colored and from 27mm to 25mm. Our current 1-peso coin is also silver colored with a 24mm diameter. With just a millimeter difference, it’s easy to interchange the two as these netizens soon found out…

1. #FindTheFivePesoChallenge

It’s so confusing even Sen. Nancy Binay asked BSP to temporarily stop production, or, you know, think of another better design?

 

2. Economic sabotage?

Economic sabotage might be too much but we feel you, internet dude! What kind of sorcery is this, BSP?

 

3. This girl’s frustration in SHOUTY CAPITALS

What about the welfare of the jeepney drivers then? How many times have they been (unintentionally) tricked? Or the passengers vice versa?

 

4. Trust issues everywhere!

If you don’t check, double check, and triple check, you might be paying P65 for a P13 jeepney fare!

5. Think on your feet or spend more (or less)

Gotta get used to this new confusing life, I guess.

 

6. What was the designer thinking?

Pretty sure you had good intentions and don’t get us wrong, the coins are pretty! Could’ve been better though.

 

7. How about the innocent workers?

I had to go to the bank this morning and took the village tricycle, on my way back, lolo driver took me home and gave me…

Posted by Juddy Anderson on Saturday, January 13, 2018

Honest workers will suffer especially because thorough media campaigns or information drives weren’t done before these New Generation Coins were released.

 

8. There’s always an opportunity for hugot in times of trouble

Bottom line is, just like with our confusing love lives, we need to be more careful when we’re handling our coins. We also need to keep in mind that the design and production of this coin went through and was decided by a lot of people. BSP themselves said that the design is for deterring counterfeiting and improving wear and corrosion resistance capabilities. This new coin also saves BSP minting costs.

Let’s just be grateful we’re capable of redesigning our coins! And keep your eyes peeled people!

Via Tenor

 

What do you think about this new coin? Share with us your thoughts below!

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