The newly issued P1,000 polymer banknote is only worth its face value and should not be sold, traded or bought for any other amount, the BSP said. | RonWDomingoINQ
Just like the paper version, the polymer banknote is intended to be used for payments and transactions, instead of novelties for collectors’ enjoyment.
“The new P1,000 polymer banknote strengthens the BSP’s efforts to respond to pressing public health and safety concerns due to the COVID-19 pandemic, promote environmental sustainability and deter counterfeiting,” the regulator said. Made in Australia, the new banknote is being touted as “smarter, cleaner and stronger” than the paper banknote.
First, it was produced using advanced technology, with an intricate design and complex security that make counterfeiting “significantly more difficult and costly.” Also, the polymer banknote may be sanitized with less risk of damage. And, in terms of its impact on the natural environment, polymer banknotes are more environment-friendly because it requires less water, energy, and other resources to make and are recyclable.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BSP says P1,000 polymer banknotes not for saleThe Bangko Sentral ng Pilipinas (BSP) on Friday advised the public that the new P1,000 banknotes made of polymer is not for sale as it releases the bills gradually in circulation.
Read more »
Villanueva wants to increase senior citizens’ monthly pension to P1,000Reelectionist Sen. Joel Villanueva wants to double the monthly social pension of senior citizens to P1,000, saying that it is the least the government could do for a sector that is one of the worst-hit by the pandemic, rising cost of fuel, and inflation.
Read more »
P400,000 worth of shabu seized from two arrested drug peddlers in Nueva EcijaCentral Luzon cops arrested two suspected drug peddlers and seized more than P400,000 worth of shabu during an anti-illegal drug operation in Nueva Ecija.
Read more »
‘Agaton’ death toll rises to 224, public infra damage to P1.45BTHE death toll from Tropical Depression “Agaton” has risen to 224, the National Disaster Risk Reduction and Management Council (NDRRMC) reported.In its situational report as of...
Read more »
BSP says P1,000 polymer banknotes not for saleThe Bangko Sentral ng Pilipinas (BSP) on Friday advised the public that the new P1,000 banknotes made of polymer is not for sale as it releases the bills gradually in circulation.
Read more »
Villanueva wants to increase senior citizens’ monthly pension to P1,000Reelectionist Sen. Joel Villanueva wants to double the monthly social pension of senior citizens to P1,000, saying that it is the least the government could do for a sector that is one of the worst-hit by the pandemic, rising cost of fuel, and inflation.
Read more »