Bangko Sentral ng Pilipinas (BSP) has officially unveil the country’s first polymer banknote series. The new polymer banknote series will include denominations of ₱500, ₱P100 and ₱50, which will enter circulation in the first quarter of 2025.
Ipinagmamalaking ipakilala ng Bangko Sentral ng Pilipinas ang First Philippine Polymer (FPP) Banknote Series. Ang FPP Banknote Series ay mayroong apat na denominasyon at nagtatampok ng smarter, cleaner at stronger features.#FPPBanknoteSeries #SmarterCleanerStronger pic.twitter.com/IXpbmNut8G
— Bangko Sentral (@BangkoSentral) December 19, 2024
BPS explained that the new Polymer Banknote Series will feature “country’s heroes and natural wonders, the polymer series highlights the Philippines’ rich biodiversity.”
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.
You can watch this 3:30 mins video (below) on the features of the new polymer banknote series;
The ceremony was lead by President Ferdinand R. Marcos Jr. at the President’s Hall in Malacañang Palace.