The Bangko Sentral ng Pilipinas (BSP) has a long-standing tradition of showcasing the nation’s heroes and natural wonders on its banknotes and coins. While paper banknotes—still in circulation—continue to honor our heroes, the new polymer series highlights the Philippines’ rich heritage and biodiversity. This reflects dynamism and artistry, promoting a deeper appreciation of Filipino identity.
A recent BSP study by De La Salle University revealed the polymer banknote’s carbon footprint is 38.4% lower than paper’s, underscoring its environmental benefits.
Advanced security features have been featured with the polymer notes and paper currency, making them even better. Though no counterfeiting cases have been reported in the country, criminals continue to find ways to produce fake bills. Therefore, it is essential for further currency security improvement.
Additionally, polymer notes are more hygienic, resistant to various climates for life, and resist water, oil, and dirt.
They last two to five times longer than paper currency, reducing the spread of bacteria and viruses, and best fit our tropical climate. Resource saving also contributes to greener environmental sustainability for the end-user. However, those polymer bills are efficient for everyday use.
The First Philippine Polymer Banknote Series features endemic, endangered species and iconic landmarks. The 500-peso note showcases the Visayan spotted deer, Acanthephippium Mantinianum orchid, Puerto Princesa Subterranean River National Park, and the critically endangered blue-naped parrot.
The 100-peso note highlights the Palawan peacock-pheasant, Ceratocentron fesselii orchid, Mayon Volcano, and the endangered whale shark or butanding. Meanwhile, the 50-peso note displays the Visayan leopard cat, Vidal’s lantana tree, Taal Lake, and Maputo fish. The flagship 1000-peso note celebrates the Philippine eagle, Sampaguita, Tubbataha Reefs Natural Park, and the South Sea Pearl.
The circulation of the new banknote series will begin in January 2025.
— Toby Denise Concepcion
