President Marcos Jr. Together w/ BSP Officials Launches Commemorative Coins for Independence Day
The Bangko Sentral ng Pilipinas has released commemorative coins at Malacañang Palace for the upcoming Independence Day.
President Ferdinand Marcos Jr., together with officials from the Bangko Sentral ng Pilipinas (BSP), led the launch of the Philippine Independence commemorative coins at Malacañang Palace on Monday (June 5), in celebration of the 125th anniversary of Philippine Independence and Nationhood (APIN).
The commemorative coin set includes denominations of P100, P20, and P5, symbolizing the significance of the 1898 declaration of Philippine Independence on the 100-peso coin, the first republic and the image of Barasoain Church on the 20-peso coin, and the image of the Philippine-American War uprising on the 5-peso coin.
According to the BSP, digital printing technology was used in the production of the APIN coin set, and it will not be released into circulation.
In his speech, President Ferdinand Marcos Jr. stated that the establishment of official currency is a defining characteristic of a sovereign nation.
The President emphasized that the commemorative coin set launched is not just a beautiful collection or memento but a commemoration of the formation of the Republic of the Philippines.
“In a very real sense, the establishment of a formal currency by any country is part of the definition of being a sovereign nation. That’s why we have to see it, not just as a very very nice souvenir, but really a commemoration of the creation of the Republic of the Philippines,” the President said.
The President commended the BSP for the excellent outcome of the commemorative coin set, utilizing modern technology, which he sees as an indication that the Philippines is keeping pace with advancements in technology.
“So 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,” he added.
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