Marcos, BSP launch PH Independence commemorative coins

PRESIDENT Ferdinand “Bongbong” Marcos Jr. on Monday led the launch of the commemorative coin set to mark the country's 125th Independence Day celebration.

Joined by Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla, the Chief Executive unveiled the coin set with 100-Piso, 20-Piso and 5-Piso denominations in commemoration of the 1898 declaration of Philippine independence (100-Piso), the birth of the country's first republic at the Barasoain Church (20-Piso), and the bravery of the Filipinos who fought for the country's sovereignty in the Philippine-American War (5-Piso).

Photo from the Bangko Sentral ng Pilipinas

“Sometimes we think of these commemorative coins, or this kind of commemorative remembrances of an event, in this case the 125th Independence Day of the Philippines as something to remind us of the day. But it is particularly significant when we do this via these coinages that we have created for the 125th Independence Day. Because in a very real sense, the establishment of a formal currency, like any country, is part of the definition of being a sovereign nation,” Marcos said in his speech.

He lauded the BSP for using “the best technology” in digital printing as he has “never seen coins like these before” which features the first colored, non-circulation, commemorative coins produced by the BSP.

“We have used the most modern technology, which also signifies that the Philippines is at that stage in its development. We are now at the forefront, and we'll use the best technology, the best techniques, everything that is good and new to our country,” the President said.

The BSP will announce via its social media channels when the coin set will be available for sale on its official website.