Fact check: Did Bangko Sentral ng Pilipinas release a P100 coin? 

December 23, 2022 - 11:56 AM
Photo shows the P100 commemorative coin released by BSP in celebration of Muntinlupa's 100th founding anniversary as an independent municipality (Muntinlupa Official/Twitter; Art by Interaksyon/James Patrick Cruz)

Did the Bangko Sentral ng Pilipinas really release a P100 coin? 

This was the question of a Twitter who shared a graphic with a photo of a supposed P100 coin. The graphic’s text reads: “The new 100 Peso coin released by the Central Bank.” 

Following the Twitter user’s post, fellow social media users believed that P100 bill is now a coin. 

“So sad barya na lang talaga ang halaga ng pera natin,” an online user lamented

“So 100 pesos natin, pang-coin na lang din? Haaaay,” a Twitter user said

“Barya na lang ang 100 pesos!!” a social media user wrote.  

Commemorative coins

It is true that BSP released the P100 coin. However, it should be noted that the coin in question is a commemorative coin, which was produced in limited quantities.

The coin in the photo was issued by the BSP in celebration of Muntinlupa’s 100th founding anniversary as an independent municipality on Dec. 19, 2017.

It features the city’s landmark and seal. 

According to BSP, commemorative coins are “minted to honor a specific person or recognize the significance of a place or event that made a mark in the history of the Philippines.” 

Generally, commemorative coins are legal tender or can be used in daily transactions unless BSP ordered its demonetization. 

RELATED: Bangko Sentral orders demonetization of commemorative coin series | There are concerns about the P20 coin launched by the Bangko Sentral ng Pilipinas

This story is part of the Philippine Fact-check Incubator, an Internews initiative to build the fact-checking capacity of news organizations in the Philippines and encourage participation in global fact-checking efforts.

Interaksyon is part of #FactsFirstPH, a multi-sectoral initiative promoting truth in public space and demanding accountability for falsehoods. For those interested to join the initiative, email [email protected]

Interaksyon is also a founding partner of Tsek.ph, a collaborative fact-checking project for the 2022 Philippine elections. It is an initiative of academe, civil society groups and media to counter disinformation and provide the public with verified information.