President Ferdinand Marcos Jr. unveiled the first Philippine polymer banknote series, featuring enhanced security and durability, in a historic ceremony.
MANILA, Philippines — President Ferdinand Marcos Jr. on Thursday led the historic unveiling of the first Philippine polymer banknote series featuring enhanced security and durability, which will be available in circulation starting the first quarter of 2025.In his speech during a ceremony in Malacañang, the President described the introduction of the polymer banknotes as 'a groundbreaking step that embodies the strength, ingenuity, and forward momentum of our nation.'.
The first Philippine polymer banknote series, which includes the 1000, 500, 100, and 50-peso denominations, marks a historic moment for our country. It builds on the success of the one-thousand-peso polymer note introduced in April of 2022 and aligns with the global best practice of updating currency features every 10 years,' Marcos said. Screengrab from BSP Video 'The introduction of the first Philippine polymer banknote series reflects the progress we are making as a Bagong Pilipinas—practical, innovative, and deeply meaningful,' he added. The President said the Philippines was joining over 40 countries, including Australia, Canada, the United Kingdom, and Singapore, to have adopted polymer banknotes due to their proven benefits, ensuring that the country's currency remained secure, durable, and sustainable. 'Polymer banknotes are designed to keep up with the demands of everyday life. Unlike paper bills, which wear out after about a year, a year and a half, polymer banknotes can last up to seven and a half years—five times longer,' Marcos said. 'And that means we no longer need to replace them as often, saving money, cutting down on waste, and making a meaningful contribution to protecting the environment,' he added. Marcos also enumerated other benefits of using polymer banknotes in connection with health and hygiene, citing a study of the Department of Health finding polymer banknotes are cleaner than paper bill
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