New Peso Bill Designs
The new bank notes have more security features, according to the BSP.
The bills feature the seals of the Republic of the Philippines and the central bank. They also have a patch where the colors change from blue to green and back to blue at a 45-degree angle.
The P500 has a photo inset where the face of the late Senator Benigno "Ninoy" Aquino Jr., father of President Benigno Aquino III, appears. At a different angle, the photo changes to 500.
The bills also have micro prints and security threads that will make it more difficult for counterfeiters to copy. The 200-peso, 500-peso and 1,000-peso bills have a 4-mm security thread embedded on the paper.
They also have a security feature for the vision-impaired as the numerical amount is embossed on the bill.
The new bills are made up of 80% cotton and 20% abaca. They have anti-bacterial quality that can last up to more than 3 years for higher-denominated bills.
When asked why there is a need for the new bills, BSP deputy governor Diwa Gunigundo said one of the main reasons is that counterfeiters have already almost perfected the current bills, though the incidents have remained manageable.
The BSP will circulate P45 million to P50 million worth of bills before the year ends and another P2 billion next year.
Current bills can still be used within the next 3 to 4 years before they are demonetized. But the BSP said people can still exchange their old bills even after that period.
The designers of the bills are Design Systemat and Studio 5. The 2 groups collaborated in the reverse and obverse side of the money bills.
0 · Share on Twitter
This discussion has been closed.