Have you seen the new ONE THOUSAND PESO BILL yet? The country’s first polymer-based bill features the Philippine Eagle and the Sampaguita on the obverse side; the Tubbataha Reefs Natural Park, South Sea Pearl, and T’nalak weave design on the reverse side. It also has a new transparent feature and guess what, it’s also water-proof making counterfeiting significantly more difficult and costly.
According to the Bangko Sentral ng Pilipinas, polymer bills can be sanitized with less risk of damage, making them a more hygienic alternative to paper banknotes. According to studies conducted by other countries, polymer banknotes have a smaller carbon footprint as their production requires less water, energy, and other resources. Some countries have reported that polymer banknotes last at least 2.5 times longer than paper banknotes, given their resistance to water, oil, dirt, and general wear and tear. Their extended lifespan makes polymer banknotes more cost-effective in the long run. They can also be recycled into other useful forms, such as compost bins, building components, furniture, and other household products.
Night Owl by Anna Lamentillo first posted the banknote on her Facebook page as shown below.
Watch her demo below.
By the way, do you know that there are several acts of willful mutilation or destruction of banknotes that are prohibited under PD 247?
Some the acts are shown below.
with images by BSP