The Bangko Sentral ng Pilipinas (BSP) or Philippine Central Bank has unveiled the new designs of the peso bill from P20 to P1,000. BSP says that they would be releasing the new designed bills tomorrow. We can still use the old currency / bills / money for the next 3 years. After that, the notes will become useless. The BSP said the new bills have improved security features, which will make them harder to counterfeit.
Here are the changes for the Philippine Money / Currency / Bill
50 Pesos: Sergio Osmeña as is on the P50 bill, with the Taal Lake and the Maliputo fish at the back instead of the National Museum.
100 Pesos: Manual Roxas as is on the P100 bill, with the Mayon Volcano and the Butinding of Sorsogon at the back instead of the Central Bank Building.
200 Pesos: Diosdado Macapagal, the father of former President Gloria Arroyo, is on the P200 bill, with the Chocolate Hills and tarsier at the back.
500 Pesos: The new P500 bill shows both former Senator Ninoy and former President Corazon Aquino. It is the first time a bill showed both parents of a sitting president, whose signature is also on the bill. At the back of the P500 bill is the underground river in Palawan and the blue-naped parrot.
1,000 Pesos: Josefa Llanes Escoda, Jose Abad Santos and Vicente Lim are still on the P1,000 bill, but at the back are the Tubbataha Reef and the South Sea Pearl.
The new banknotes will have the new BSP Logo unveiled last June. The following description for the logo comes from the bank’s website:
The new BSP logo is a perfect round shape in blue that features three gold stars and a stylized Philippine eagle rendered in white strokes. These main elements are framed on the left side with the text inscription “Bangko Sentral ng Pilipinas” underscored by a gold line drawn in half circle. The right side remains open, signifying freedom, openness, and readiness of the BSP, as represented by the Philippine eagle, to soar and fly toward its goal. Putting all these elements together is a solid blue background to signify stability.
Principal Elements:
1. The Philippine Eagle, our national bird, is the world’s largest eagle and is a symbol of strength, clear vision and freedom, the qualities we aspire for as a central bank.
2. The three stars represent the three pillars of central banking: price stability, stable banking system, and a safe and reliable payments system. It may also be interpreted as a geographical representation of BSP’s equal concern for the impact of its policies and programs on all Filipinos, whether they are in Luzon, Visayas or Mindanao.
Colors
1. The blue background signifies stability.
2. The stars are rendered in gold to symbolize wisdom, wealth, idealism, and high quality.
3. The white color of the eagle and the text for BSP represents purity, neutrality, and mental clarity.
Font or Type Face
Non-serif, bold for “BANGKO SENTRAL NG PILIPINAS” to suggest solidity, strength, and stability. The use of non-serif fonts characterized by clean lines portrays the no-nonsense professional manner of doing business at the BSP.
Shape
Round shape to symbolize the continuing and unending quest to become an excellent monetary authority committed to improve the quality of life of Filipinos. This round shape is also evocative of our coins, the basic units of our currency.
Source: www.abs-cbnnews.com ; www.bsp.gov.ph
The new banknotes will have the new BSP Logo unveiled last June. The following description for the logo comes from the bank’s website:
Principal Elements:
1. The Philippine Eagle, our national bird, is the world’s largest eagle and is a symbol of strength, clear vision and freedom, the qualities we aspire for as a central bank.
2. The three stars represent the three pillars of central banking: price stability, stable banking system, and a safe and reliable payments system. It may also be interpreted as a geographical representation of BSP’s equal concern for the impact of its policies and programs on all Filipinos, whether they are in Luzon, Visayas or Mindanao.
Colors
1. The blue background signifies stability.
2. The stars are rendered in gold to symbolize wisdom, wealth, idealism, and high quality.
3. The white color of the eagle and the text for BSP represents purity, neutrality, and mental clarity.
Font or Type Face
Non-serif, bold for “BANGKO SENTRAL NG PILIPINAS” to suggest solidity, strength, and stability. The use of non-serif fonts characterized by clean lines portrays the no-nonsense professional manner of doing business at the BSP.
Shape
Round shape to symbolize the continuing and unending quest to become an excellent monetary authority committed to improve the quality of life of Filipinos. This round shape is also evocative of our coins, the basic units of our currency.
Source: www.abs-cbnnews.com ; www.bsp.gov.ph
