New Piso Rizal Commemorative Coin

Bangko Sentral of the Philippines (BSP) announced the released of the new "Piso" coin for the upcoming celebration of "Rizal Day" on December 30, 2011. Every Filipino used P1 or Piso as their primary money for daily usage.

The new image of  P1 coin has the full face image of Jose Rizal at the front and the new logo of Bangko Sentral ng Pilipinas at the back of it.

BSP said that they already released 10 million peso coin since Monday and it was made in nickel plated steel. In this case, that coin is very hard to melt down for those who wants to smuggle our coin.

Meanwhile, Bangko Sentral ng Pilipinas will release more new peso coin next year.