As announced on 21 August 2020, Bangko Sentral ng Pilipinas is issuing new paper bill money with worth of P1,000, P500, P200, P100, P50 with new security features to protect the economy and the public from being victimized by criminal syndicates who print and circulate fake money bills.  Also introduced is the new P20 coin so that hopefully, it has a longer circulation life than its paper counterpart.