Presentation of the First Philippine Polymer Banknotes Series 12/19/2024

Описание: President’s Hall, Malacañan Palace
December 19, 2024

President Ferdinand R. Marcos Jr. leads the unveiling of the First Philippine Polymer Banknotes Series in a ceremony at the President’s Hall in Malacañan Palace on December 19, 2024.

The event highlights the introduction of polymer banknotes in denominations of PhP500, PhP100 and PhP50, which are set to enter circulation in the first quarter of 2025.

The Bangko Sentral ng Pilipinas (BSP) previously announced that these polymer banknotes will circulate alongside the existing paper banknotes. The new series boasts 'smarter, cleaner and stronger' features.

Unlike the current paper banknotes, which showcase the country’s heroes and natural wonders, the polymer series highlights the Philippines’ rich biodiversity. This shift reflects the BSP’s commitment to promoting national pride through numismatic artistry while fostering an appreciation of Filipino identity.

The BSP emphasizes the practical benefits of polymer banknotes, including enhanced resistance to counterfeiting and improved durability. These features ensure that the new notes are not only aesthetically significant but also cost-efficient and secure.

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