Thursday, December 16, 2010

Philippine Unveiled New Series of Banknotes

Friday, December 17, 2010 | MANILA, PHILIPPINES

"NEW GENERATION" bank-notes featuring fresh and old elements as well as upgraded security features were bared yesterday and will go into circulation starting this month.

Old faces were maintained with the late former president, Corazon C. Aquino, the only new addition. She joined her husband, the late former senator Benigno "Ninoy" Aquino, Jr. on the P500 bill.

The P500 bill is historic as it features three Aquinos: the two democracy icons and the signature of their son, President Benigno S. C. Aquino III, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. said at the launch in Malacañang.

The bills’ reverse sides were all changed to feature a landmark, an animal and indigenous designs: the P20 gets the Banaue Rice Terraces, a palm civet and a weave from the Cordilleras; the P50, Taal lake, a Giant Trevally fish and embroidery from Batangas; the P100, Mayon volcano, a whale shark and an indigenous textile detail from Bicol; the P200, the Chocolate Hills, a Philippine tarsier and a design from the Visayas; the P500, the Subterranean River National Park in Palawan, a blue-naped parrot and a woven cloth design from the Southern Philippines; and for the P1,000, the Tubbataha Reef Marine Park in Sulu, the Pinctada maxima oyster, and a tinalak design from Mindanao.

Younger faces were also used for the personalities featured: former presidents Manuel L. Quezon (P20); Sergio Osmeña (P50); Manuel A. Roxas (P100); Diosdado P. Macapagal (P200); Mr. Aquino’s parents (P500); and Girls Scouts of the Philippines founder Josefa Llanes Escoda, first Filipino West Point graduate Vicente P. Lim and former Chief Justice Jose Abad Santos (P1,000).

Colors for the most part were retained.

Mr. Tetangco said the launch of the new banknotes marked the start of a gradual shift to a new currency series, adding that new security features "are representative of the reforms we are undertaking to ensure honest transactions." -- A. M. G. Roa

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