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The Philippine peso is derived from the Spanish dollar or pieces of eight brought over in large quantities by the Manila galleons of the 16th to 19th centuries. From the same Spanish peso or dollar is derived the various pesos of Latin America, the dollars of the US and Hong Kong, as well as the Chinese yuan and the Japanese yen.
The Philippine one-peso coin (₱1) is the fourth-largest denomination coin of the Philippine peso. The current version, issued in 2018, features a portrait of Philippine national hero, José Rizal on the obverse. The reverse side features the Waling-waling orchid and the current logo of the Bangko Sentral ng Pilipinas.
The ten-sentimo coin (10¢) coin is a denomination of the Philippine peso. It was the oldest denomination under 1 peso in the country's circulation, having been introduced in 1880 during the Spanish rule of the islands until it stopped being minted in 2017. The denomination remains legal tender until the demonetization of the BSP Coin Series.
The Philippine ten-peso coin (₱10) is the second largest denomination coin of the Philippine peso.. Two versions of this denomination are in circulation; the bi-metallic coin, first issued in 2000, with the dual profiles of Andrés Bonifacio and Apolinario Mabini on obverse and the 1993 logo of the Bangko Sentral ng Pilipinas on the reverse.
A 10,000 peso gold coin was also issued to commemorate 70 years of Central Banking in the Philippines. [ 10 ] On March 11, 2022, the BSP issued a commemorative 125-peso coin to honor the 125th martyrdom anniversary of Dr. Jose Rizal.
The Philippine five-peso coin (₱5) is the third-largest denomination of the coins of the Philippine peso.. Three versions of the coin are in circulation, the version from the BSP Series which was issued from 1995 to 2017, the original round coin from the New Generation Currency Coin Series issued from 2017 to 2019 and the nonagonal (9-sided shape) version since 2019.
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Photos of the new coin were released on 17 December 2019, along with the "enhanced" 5 peso coin, confirming their designs. [3] The coin was initially planned to be released in late 2019 or early 2020, [ 4 ] and in another 17 December report, it was reported that 500,000 coins of the new denomination were released, with more to be minted in 2020.