New Generation Currency Series: In July 2019, the Bangko Sentral ng Pilipinas (BSP) announced that the 20 peso note will be replaced with a coin due to the overuse of the banknote, since each individual note only lasts about a year in circulation while a 20 peso coin lasts for 10 to 15 years.

The decision was based on research by the University of the Philippines.

BSP Governor Benjamin Diokno stated that the design would retain Manuel L. Quezon as the person on the obverse,[2] and be bi-metallic with a bronze-plated steel outer ring and a nickel-plated steel center and that it will be slightly bigger than the P10 coin.

He mentioned there would be other features making it distinct from the other New Generation coins.

[4] The coin was initially planned to be released in late 2019 or early 2020.