THE Philippines has nearly a billion pieces of polymer banknotes this year and even more in the years to come, according to the Bangko Sentral ng Pilipinas (BSP), even as it clarified that the release of the polymer banknote series will not phase out existing paper banknotes.
THE Philippines has nearly a billion pieces of polymer banknotes this year and even more in the years to come, according to the Bangko Sentral ng Pilipinas , even as it clarified that the release of the polymer banknote series will not phase out existing paper banknotes.
“For the 1,000, it has been there. We have issued a lot of the 1,000 piece of polymer banknotes already. But in the coming years, especially in 2025, we will have more quantities of the P500, P100, and P50,” she added. Lim said featuring the country’s flora and fauna in the design of the new polymer banknote series also highlighted the government’s intention to raise awareness and promote environmental responsibility.
“We revisit the design, add security features for our banknotes. From the new generation currency series, it has been more than 10 years actually,” she added. Curtis said the polymer notes also have a special feature of dots that PWDs can feel. For the P1,000 polymer note, there are five dots; P500, four dots; P100, three dots; and P50, two dots.
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