Images of Filipino heroes and other personalities will no longer appear in banknotes, starting with the polymer version of the P1,000 bills scheduled for circulation test in April next year, the Bangko Sentral ng Pilipinas said Saturday, Dec. 11.
BSP Governor Benjamin Diokno shared the design of the polymer version of the P1,000 bills featuring the Philippine Eagle or Pithecophaga jefferyi in the obverse side. However, the scientific name was misspelled as Pithecophega jefforyi based on the sample provided by the BSP chief, just like the P100 bills with the name of former president Gloria Macapagal-Arroyo misspelled as Arrovo. “That’s been corrected,” Diokno said in a message to reporters.
The composite portraits of Jose Abad Santos, Vicente Lim and Josefa Llanes Escoda are no longer in the new design of the P1,000 banknote who were Filipino heroes of World War 2.
The BSP has tapped Note Printing Australia, a wholly owned subsidiary of the Reserve Bank of Australia, for the production of the polymer banknotes. He explained the National Historical Institute (NHI) approved the new design, while the Office of the President and the BSP Monetary Board approved the issuance of the polymerized version of the P1,000 banknotes.
“The first delivery of the P1,000 note will be in April 2022,” the BSP chief said. As of March this year, around 57 countries have ventured into the use of polymer substrates. These include Canada, Australia New Zealand among advanced economies as well as Malaysia, Vietnam, Mexico and Fiji among emerging and developing economies.
On June 12, 1985, the BSP issued the new design series starting with the P5 banknote with the face of Emilio Aguinaldo on the obverse side. The following month, the P10 banknote with the face of Apolinario Mabini on the obverse side was issued. In early 1986, a new P20 banknote appeared. After the 1986 People Power Revolution and the new 1987 Constitution was promulgated, the P500 banknote with the face of Benigno Aquino Jr. was released.
In 1991, the BSP issued for the first time a P1,000 banknote, containing on the obverse side the composite portraits of Jose Abad Santos, Josefa Llanes Escoda and Vicente Lim.
EDSA II in 2001 was depicted on the reverse side of the P200 note showing Gloria Macapagal-Arroyo being sworn into office at the EDSA Shrine.
Macapagal-Arroyo is the first president whose image has been included in a banknote while still in office. On the obverse side of the banknote is the portrait of her father, Diosdado Macapagal.
The P20 note, issued in 2002, was the last denomination to be added in the New Design Series.
In the NDS, the country’s social and political development and economic achievements were highlighted.
Comments
Post a Comment