The Bangko Sentral ng Pilipinas (BSP) will issue this December a one-piso legal tender coin commemorating the 150th birth anniversary of national hero Dr. Jose Rizal which the country celebrated last June 19, 2011. Rizal was executed at Bagumbayan, now Luneta, on 30 December 1896 which ushered in the Philippine Revolution against Spain.
The face of the coin features the portrait of the hero and the markings, “150 years,” “Republika ng Pilipinas” and “1861-2011.” Etched on the reverse side are the new BSP seal, “1-piso” and “2011.”
BSP produced 10 million pieces of the round, grayish, nickel-plated steel coin which has the same size (24-millimeters in diameter) and weight (5.35 grams) as the one-piso coin currently in circulation.
Both the Office of the President and BSP’s Monetary Board approved the issuance of the coin.
Last June 17, 2011, BSP also paid tribute to Dr. Rizal through the exhibit, “Rizal in Our Midst: A Homage to Greatness,” which showcased coins and banknotes ranging from five centavos to 100 pesos since 1903 where Rizal’s image or monument appears.