QUEZON CITY, (PIA) -- The Bangko Sentral ng Pilipinas (BSP) led by Governor Benjamin Diokno presented to President Rodrigo Duterte the new polymer-made P1,000 banknote. At the presentation in Malacanang, the BSP describes the new 1000-piso polymer bill as smarter, cleaner, and stronger than the current paper banknote.

According to the BSP, the 1000-piso polymer uses advanced technology which strengthens efforts against counterfeiting. It also responds to public health and safety concerns since it can be sanitized with less risk of damage compared to the paper banknote. The production of the new banknote requires less water, energy, and other resources which makes it environmentally sustainable.

“As the sole issuer of Philippine currency, and in line with best practices of central banks worldwide, the BSP periodically updates the material, design, and security features of our banknotes to ensure that they promote public well-being, durable enough for longer-term use and incorporate the latest technology to prevent counterfeiting,” Diokno said.

The 1000-piso polymer banknote has the following security features: Sampaguita clear window, serial number, shadow thread, vertical clear window, metallic features, blue iridescent figure, polymer sound straight, tactile dots, embossed prints, flying eagle, and enhanced value panel.

Meanwhile, the design of the 1000-piso polymer banknote features the sampaguita, south sea pearl, Tubbataha Reefs natural park, and T’nalak weave design.

The BSP is set to release the new banknote starting April 2022. As the circulation of the new 1000-piso polymer banknote begins, the current 1000-piso paper banknote can still be used for payments and transactions. (PIA-IDPD/SBB)