(Screengrab from RTVM) MANILA - President Rodrigo Roa Duterte on Monday led the presentation of the PHP1,000-piso polymer banknote, which features the Philippine eagle, in a ceremonial program in Malacanan Palace. During the program, Duterte got to see a framed version of 50 pieces of the uncut PHP1,000-piso plastic money up close. Department of Finance (DOF) Carlos Dominguez III and Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno presented to Duterte the uncut PHP1,000-piso polymer banknotes. According to the BSP, the PHP1,000-piso polymer banknotes strengthen efforts against counterfeiting, safety concerns due to the Covid-19, and promote environmental sustainability. The plastic money features complex security features such as sampaguita clear window, serial numbers, shadow thread, vertical clear window, metallic features, blue iridescent figure, polymer substrate, tactile dots, embossed print, flying eagle, and enhanced value panel. Polymer banknotes are less susceptible
Pilot circulation of P1000 polymer banknotes eyed within Q2 bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
The central bank plans to circulate more polymer banknotes in different denominations such as 500-piso and 100-piso if the public will adapt well to the first batch of polymer 1,000-piso bills when these are issued in the second quarter this year.
BSP polymer banknotes “We’re only introducing a
Bangko Sentral ng Pilipinas Governor Benjamin Diokno clarifies the printing of polymer bills for other denominations will depend on the result of the limited pilot of ₱1,000 banknotes made of the more durable material.
Bangko Sentral ng Pilipinas Governor Benjamin Diokno clarifies the printing of polymer bills for other denominations will depend on the result of the limited pilot of ₱1,000 banknotes made of the more durable material.