This series introduces polymer versions of the 1,000-, 500-, 100-, and 50-piso denominations, featuring designs that celebrate the Philippines’ rich cultural heritage and biodiversity.
According to Mr. Marcos, the polymer series is a significant milestone for the country, building on the success of the 1,000-piso polymer note launched in 2022.
“Polymer banknotes are designed to keep up with the demands of everyday life,” he said. “Unlike paper bills, which wear out after about a year or a year and a half, polymer banknotes can last up to seven and a half years, five times longer.”
“And that means that we no longer need to replace them as often, saving money, cutting down on waste, and making a meaningful contribution to protecting the environment,” the President added.
BSP Governor Remolona emphasized that the polymer series aligns with global standards by enhancing anti-counterfeiting measures, reducing environmental impact, and increasing durability.
The notes are also designed to promote awareness of the Philippines’ natural beauty and cultural identity.
Key features of the polymer banknotes:
• Durability: Lasts up to seven and a half years, reducing replacement costs.
• Hygiene: Resistant to viruses and bacteria.
• Anti-counterfeiting: Equipped with advanced security features.
• Accessibility: Includes tactile dots to assist persons with vision impairment.
Design highlights by denomination:
1,000-piso:
500-piso:
100-piso:
50-piso:
The polymer notes will co-circulate with paper banknotes and will initially be available in the Greater Manila Area starting December 23, 2024, through over-the-counter bank withdrawals. Automated teller machine access for the 500- and 100-piso notes will follow.
Both polymer and paper banknotes can be used for payments, the central bank said.
This series reinforces BSP’s commitment to safeguarding currency integrity while fostering national pride. — Ed:DLL
