The Bangko Sentral ng Pilipinas awarded contracts amounting to almost P5 billion for the new polymer or plastic banknotes, the Commission on Audit (COA) said.
According to COA’s annual report, the BSP approved five supply contracts amounting to around P4.9 billion for new P50, P100, P500, and P1,000 banknotes.
The first was awarded to De La Rue International Limited, which it said was the “lowest calculated responsive bidder” for the supply and delivery of 150,000 bundles of P50 enhanced generation currency outsourced finished banknotes.
The contract was for P269.524 million or 4.497 million euros.
In September 2023, a contract amounting to P727.475 million or 11.751 million…