New administration, new Philippine Peso bills. The Central Bank of the Philippines has just released the newest Philippine bank notes and people can already exchange their current bills to these new ones beginning next week (Dec 20, 2010 onwards). The current bills can still be used for 3 years. The reason for creating new Philippine Peso bills, according to the Bangko Sentral ng Pilipinas is that counterfeiters have already perfected our current bills.
In my opinion, the designs were very modern and it features top tourist destinations and Philippine animals at the back of each bill. Previously, the Banaue Rice Terraces was at the back of the 1000 Peso bill, now it’s at the 20 Peso bill. Other travel destinations are: 50 Peso bill with Taal Volcano of Batangas, 100 Peso Bill with Mayon Volcano of Albay, 200 Peso Bill with the Chocolate Hills of Bohol, 500 Peso bill with Subterranean River of Puerto Princesa and the Tubbataha Reefs of Sulu Sea.
Benigno Aquino Sr. is now with the former President Corazon Aquino in the new 500 Peso bill.
In my opinion, the new Philippine Peso bills look very modern. I believe it’s about time that we change our bills. Plus, there are new security features that were added. The new security features that were added/updated were:
- Rougher embossed prints
- Serial numbers are now increasing in size
- Random red and blue security fibers
- Watermark of the portrait the numerical figure
- See through watermark of “Pilipino” in Baybayin language
- Concealed value that is superimposed at the upper left at the front of the bill – this becomes obvious when tilted 45 degrees
- Security thread that changes from red to green
- only in 100 and above bills: the front bears the word BSP*** (denomination i.e. BSP500), at the back bears the word BSP — both are in repeated series
- Optically Variable Difference – only in 500 and 1000 bills
- reflective foil that shows the difference in the featured animal and a small BSP logo
- the image becomes red to green when rotated at 90 degrees.
- Optically Variable Ink – only in 1000 bill
- the embossed 1000 becomes green to blue when looking at it in different angles
So for those who will be traveling to the Philippines starting this December until next year, you will most likely be getting these new bills. As for us Filipinos who live here, time for us to change our current bills into these new ones!
Visit the website of Bangko Sentral ng Pilipinas to view the descriptions for each bill.