Philippines coins and banknotes

[Rory]

I was in Turkey in 1990 when the world cup was on, Italia 90, and i was getting 14,000 Lira to the pound. A few years after the country economy went in to freefall. They removed six zeros from the currency so 1 million old Lira was only worth 1 new Lira i would think that hit a few people very hard.
Dave, your £48 devalue in 3 years sounds not bad compared.

[Rory]

Back to the main reason i looked this thread.

How long is my old paper peso notes still legal tender? We keep putting off our next return trip to Cebu. I still have quite a few 1000 peso paper notes. Will the taxi driver at the airport still take them?
How long have a got left to use them in public, i know the bank should take them for a while still, i hope.

[grahamw48]

I haven't heard of anyone having them rejected (or noticed any difference in them this past 4+ years I've been here).

Reckon you'll be fine.

[Rory]

So they are using the newer plastic 1000 peso notes alongside the paper notes?

[grahamw48]

I haven't seen any of the new plastic ones yet. (Haven't seen one of the new p20 coins either).

Of course here, these great new ideas can take years to actually be successfully launched.

[Dave_]

We travelled Manila, Tacloban, Cebu, Angeles, Manila last month.

Did not come across any of the new plastic 2,000 peso notes at all, they are in the initial release phase at the moment with roll-out scheduled for later in the year.

The 20 Peso coins were often used in Cebu though notes were still predominant, I do not remember them being used elsewhere.

To be honest the Philippine coins now seem like a total mess.

The 20 peso coins seem far too big and unwieldy for comfortable use at their value point.

Other coins seem to have several sizes and colours for the same value, most confusing,
And the Miguel Malver 10 peso coin has "50" embossed on it as the most obvious number, which does not help.

[grahamw48]

Agree. The coinage here is a bad joke.

[imagine]

i find it hard to tell a 1 peso coin to a 5 peso coin with the newer ones, i much prefer the older coinage

[grahamw48]

I agree. Totally misjudged, confusing, and unnecessary.