To commemorate the state and pastoral visit of Pope Francis, the Bangko Sentral ng Pilipinas (BSP) announced last January 14, 2015 the issuance of limited edition 50-piso and 500-piso papal coins. Both coins are legal tender and will be sold for P100.00 and P1,000.00, respectively, to cover production, packaging and other costs. The coins are minted under a licensing agreement with the Vatican.