The Bangko Sentral ng Pilipinas (BSP) on Thursday unveiled the First Philippine Polymer Banknote (FPP) Series, featuring new banknote designs after the release of the P1,000 polymer banknote into circulation in 2022.
“Polymer banknotes are smarter, cleaner, and stronger. Smarter because they have advanced anti-counterfeiting features and a smaller carbon footprint. Cleaner because viruses and bacteria do not survive as long on polymer than on paper. Stronger because they last longer than their paper counterparts,” said BSP Governor Eli M. Remolona in a ceremony at Malacañang.
The new polymer banknote denominations come in P500, P100, and P50 which showcases images of native…