The 20 piso banknote will be changed into a coin to be released in the last quarter of 2019 or first quarter of 2020 to solve the over-usage of the banknote leading for only one year to exchange it a new one, as the University of the Philippines said. The Bangko Sentral ng Pilipinas states that the 20 piso coin lasts for 10 to 15 years longer than the banknote which has the same value. They were released on December 17, 2019.