Why Bangko Sentral ng Pilipinas changes the coins in the Philippines?

The reason why Bangko Sentral ng Pilipinas (BSP) changes the coins of the Philippines is that they have to guard our old coins (Figure 1) from counterfeiters or the people that produces money without legal sanction of the government. It is because the old coins of our country has a higher nickel content and some people that came from the other country will bring it back to their country to melt it and mix it to their jewelries to have a higher value.

Figure 1 (old coins)

credits from google

It has a disadvantage and an advantage. The disadvantage of it is lots of Filipinos complaining because the new coins (Figure 2) has all the same color unlike the old coins has different colors and you can easily identify which is 10 peso, 5 peso or 1 peso. And it is also hard especially for the elderly people with a poor eyesight because they might give a wrong amount. Like instead of giving 10 peso coin, they will give 5 peso because it hard for them to identify which coin has a right amount. For those people who has a good eyesight, be aware of what you will give like fare to the public transportation and example of that is jeepney, count your coins before you will pay your fare, so that there will be no problems if ever you gave a less or excess amount of money.

Figure 2 (new coins)

credits from google

Even if many people may see this as a big disadvantage, better look at the bigger picture. Don't focus on the bad side only but notice how the government protect our valuable things. As I said on the first paragraph, it is also for the betterment of our country to prevent the counterfeiters from taking advantage to us.

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