And the bangko sentral ng pilipinas (bsp) unveiled the new designs of the remaining three banknotes in its first philippine polymer banknote (fpp) series. Unveiled the first philippine polymer banknote series on december 19, 2024, at malacañang palace This historic launch includes new denominations of php 50, php 100, php 500, and the previously introduced php 1,000 note. Polymer was pushed through for their longer lifespan, resistance to water and dirt, and improved recyclability. The new polymer banknotes will be available to the public by monday, dec 23 in time for christmas but in limited quantities in the greater manila area
The new bills will enter the general circulation across the country next year. The first philippine polymer banknote series from bangko sentral ng pilipinas (bsp) was officially unveiled during a ceremony in malacañang on wednesday, december 19, 2024. The first polymer banknote series of the philippines, which was presented by the bangko sentral ng pilipinas to president ferdinand marcos jr On thursday, december 19, 2024. The new polymer banknote denominations will start circulating in the first quarter of 2025 Reports also said that the new polymer banknotes will be available in limited quantities in the greater manila area on december 23
With the introduction of new polymer banknotes, the government no longer needs to replace them as often, helping the country save money, cut down on waste, and make a meaningful contribution to protecting the environment.
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