The Bangko Sentral ng Pilipinas recently unveiled the Philippines’ first polymer banknote series, just in time for giving aguinaldos to children this Christmas season.
While many questioned the need to replace the current design of local currency, President Bongbong Marcos described the shift to polymer notes as a reflection of the nation’s strength, ingenuity, and progress.
He explained that each denomination of the new Philippine polymer banknote series tells a story of national pride and resilience, showcasing the country’s rich biodiversity and cultural symbols.
The current P1,000 polymer banknote features the Philippine eagle, symbolizing strength, freedom, and sharp vision.
The P500 note highlights the Visayan spotted deer, representing clarity and sharpness, while the P100 note showcases the Palawan peacock-pheasant, reflecting Filipinos’ grace even in difficult times.
The P50 note features the Visayan leopard cat, symbolizing independence and agility.
Polymer notes are said to last up to seven and a half years, five times longer than traditional paper bills.
