Questions and Answers
When did the Bangko Sentral ng Pilipinas (BSP) start issuing the New Generation Currency (NGC) banknotes?
16 December 2010
What is the name of the central bank that issued the New Generation Currency (NGC) banknotes?
Bangko Sentral ng Pilipinas
What series of banknotes did the Bangko Sentral ng Pilipinas (BSP) introduce in 2010?
New Generation Currency (NGC)
In what year did the Bangko Sentral ng Pilipinas (BSP) start issuing the current series of Philippine banknotes?
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What is the purpose of the New Generation Currency (NGC) banknotes?
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What was the method of trade used in the context of Thailand?
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What was the inscription believed to be?
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What was the context in which the inscription was found?
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What is the process of removing the monetary value of a legal tender currency?
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What is the significance of the inscription?
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What is the entity responsible for demonetization?
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What can be inferred about the people who lived in Thailand during this time?
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What is the result of demonetization on a currency?
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What is the opposite of demonetization?
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Why is demonetization typically done?
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Which historical figure is featured on the 1-Piso coin?
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Who is the founder of the Katipunan?
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What is the significance of Jose Rizal in the Philippine Revolution?
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Which denomination of peso features Andres Bonifacio?
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What is common to both Jose Rizal and Andres Bonifacio?
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What is the primary purpose of limited-edition currencies?
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Why are limited-edition currencies considered educational tools?
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What do limited-edition currencies often commemorate?
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What do limited-edition currencies serve as, aside from being currencies?
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What is not necessarily a characteristic of limited-edition currencies?
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Study Notes
Philippine Banknotes
- The New Generation Currency (NGC) banknotes were issued by the Bangko Sentral ng Pilipinas (BSP) starting on 16 December 2010.
Denominations and Features
- 1-Piso banknote: Features the portrait of national hero Jose Rizal, the face of the Philippine revolution.
- 5-Piso banknote: Displays the image of Andres Bonifacio, the founder of the Katipunan and a revolutionary leader.
Limited-Edition Currencies
- These currencies honor significant events, figures, and milestones.
- They serve as educational tools and cultural artifacts, commemorating events such as the centennial of a national hero's birth or a historic achievement.
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