The Bangko Sentral ng Pilipinas (BSP) recently released new designs of the Philippine peso bills.
On their website, the BSP said that these designs are “more responsive to the needs of the elderly and the visually impaired, and feature the latest anti-counterfeiting technology.” With this, the BSP improved the peso’s security features and visual and tactile differentiation.
One new feature of the new bills is that they highlight the country’s rich culture by featuring indigenous Filipino weaves on the windowed security thread (WST). The bills feature Filipino weaves like the T’nalak and other textile designs from the Bicol Region and the Visayas Region.
Aside from weaves on the WST, the BSP also enhanced the peso’s design by using Optically Variable Ink (OVI), adding tactile marks, and enhancing the Value Panel for the 1000-peso and 500-peso bills.
According to the BSP, these enhanced bills will co-exist with the current bills in circulation. The BSP said that the current banknotes will be gradually replaced with the enhanced banknotes and be removed from circulation through natural attrition.
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