Expect plenty of crisp peso bills this Christmas season!
Filipinos love to give away cash as Christmas gifts to their relatives. Of course, these banknotes need to be crisp and fresh. Filipino children will frown at worn out bills, but will be very grateful for even a new, shiny twenty-peso bill.
The banks are prepared for this annual spike in the demand for new banknotes. The Bangko Sentral prints and releases more fresh bills as long queues of bank clients withdraw specifically in denominations of new 20, 50, and 100 peso bills.