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BSP issues first-ever colored coin set
President Ferdinand Marcos Jr. on Monday said that establishing a formal currency by any country is part of the definition of being a sovereign nation. The Chief Executive said this in his speech as the Bangko Sentral ng Pilipinas led the launch of the commemorative coin set for the 125th Anniversary of Philippine Independence and Nationhood held at the Ceremonial Hall of the Malacañang Palace. "We have to see it not just a very very nice souvenir, but really a commemoration of the creation of the Republic of the Philippines," Marcos said. The President mentioned that the creation of the coin set was made possible through modern technology and current best techniques being practiced in the country. The commemorative coins are a "labor of love" and that it "(shows) how far we have gone" as a nation in 125 years, he said. The country's first-ever colored coins feature the country's key historical scenes. The BSP issued 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). The central bank used the latest digital printing technology in developing the APIN coin set, which features the first colored, non-circulation, commemorative coins produced by the BSP. "I have never seen coins like these before," Marcos said. "We have used all the best technology, and you can see different things depending on the angle you view them. I congratulate everyone who has been involved in this quite remarkable project," he added. BSP Governor Felipe Medalla, for his part, pointed out that that the central bank issued the colored non-circulation commemorative coins as part of the central bank's effort to preserve the cultural heritage and promote pride in our shared history. "We are issuing for the first time the colored, non-circulation --- which means you cannot spend this, you collect it --- coins showcasing key historical scenes," Medalla said. The Central Bank chief also highlighted the symbolic significance of the coin designs. Medalla said the coins symbolize peace (blue), courage (red) and freedom or sovereignty (yellow). The National Historical Commission of the Philippines is at the forefront of the 125th APIN celebration from 2023 to 2026, with the theme "Kalayaan. Kinabukasan. Kasaysayan," Under Administrative Order No. 8, Marcos directed the creation of a committee that would “facilitate the planning and execution of programs and projects” for the commemoration of the 125th Philippine independence anniversary. The post BSP issues first-ever colored coin set appeared first on Daily Tribune......»»
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