Circulation of new polymer banknotes starts Dec. 23

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Transcript

00:00Aside from being visually appealing and more durable, the Banco Central ng Pilipinas says

00:06the new polymer banknotes have so much more to offer in terms of its added features and

00:11actual function, even for the visually impaired.

00:15Noel Talacay supplies all the details in this report.

00:20The Banco Central ng Pilipinas or BSP unveiled the new polymer banknotes featuring the country's

00:27rich biodiversity replacing the faces of national heroes.

00:32Abisayan spotted deer can be seen in the new P500 bill.

00:37The 100 polymer banknotes has the Palawan Peacock Pheasant design while Abisayan Leopard

00:43Cat can be found in the P50 bill.

00:54She also underscores that shifting from paper to polymer banknote is a wise and smart move

01:01because even if it's more expensive to produce, the polymer money will last longer three times

01:07compared to the paper banknotes.

01:10The polymer banknotes are still being reproduced in Australia, but the Central Bank is now

01:16studying how to produce the polymer bills.

01:33One of the best features of the new P500, P150 is the tactile dots.

01:41This will help guide the visually impaired or blind individuals to identify the amount.

01:47The P500 has four dots on the top, three dots for P100 and two dots for P50.

01:54P1,000 has the same feature since it was released.

02:11The new polymer money, 70 to 90 million pieces per denomination, starts December 23.

02:18The Banko Sentral ng Pilipinas explains that the primary goal of updating the design of

02:23banknotes is to improve and modernize the security feature, making it more resistant

02:29to counterfeiting.

02:30In the Philippines, the BSP revises the design of banknotes every decade to maintain the

02:36integrity of the currency.

02:38Noel Talaka from the National TV Network for a new and better Philippines.

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