Friday, December 17, 2010

The New Peso

Looks like it's not only Santa that's coming to town, this December the new peso bills will be circulating around the country. 

from PNOY's FB
According to Bangko Sentral ng Pilipinas (BSP), The new generation currency will not just show fresh designs but will also showcase the new security feature to make the detection of fake money easier. 

As a matter of practice, central banks regularly change the designs of their money -- whether coins or banknotes--to guard against counterfeiters. By making it very difficult and costly for counterfeiters to produce exact copies of our money, we protect the integrity of our currency against criminals.

click to zoom

BSP will be changing the six bills: 20 peso, 50 peso, 100 peso, 200 peso, 500 peso and 1,000 peso. The new bills will be circulating this month. However for the 1 centavo, 5 centavo, 10 centavo, 25 centavo, 1 peso, 5 peso and 10 peso coin will be out in two years. 

Features of the new bill:
  • New set of designs - It looks more savvy and elegant. The colors are very vibrant and all the designs showcase Filipino touch. 
  • New security features - The new bills include embossed prints, serial numbers, security fibers, watermarks, security thread, optically variable device, optically variable ink, and a see-through mark. (The see-through mark is the word "Pilipino" written in Baybayin, a pre-Spanish Philippine writing system, which can only be seen completely when the note is viewed against the light.)

The NEW Look:

P500 bill 

Obverse: Former Pres. Cory Aquino and husband Benigno “Ninoy” Aquino Jr.
Reverse: Palawan’s Subterranean River National Park and the blue-naped parrot, which thrives in the forests of Palawan and Mindoro

P1,000 bill

Obverse: Josefa Llanes Escoda, Vicente P. Lim, and Jose Abad Santos
Reverse: Tubbataha Reef
Marine Park and the South Sea Pearl, which is produced by oysters that thrive in the South Seas of which the Sulu Sea is part

P200 bill

Obverse: Former Pres. Diosdado Macapagal
Reverse: Bohol’s Chocolate Hills and the Philippine tarsier, one of the world’s smallest primates

P100 bill

Obverse: Former Pres. Manuel A. Roxas
Reverse: Mayon Volcano and the “butanding” or whale shark, the world’s largest fish and the main attraction of Donsol, Sorsogon

P50 bill

Obverse: Former Pres. Sergio Osmeña
Reverse: Taal Lake and the Giant Trevally (locally known as Maliputo), a delicious milky fish

P20 bill

Obverse: Manuel L.Quezon
Reverse: Banaue Rice Terraces and a palm civet from the Cordilleras, which are famous for producing the civet cat coffee or kapeng alamid.

The old peso bills will remain its circulation for three years after the new bills were out. After three years all the old bills and coins will be phased out. 

love, now and always, 

No comments:

Post a Comment