Philippine Peso Coins and Banknotes

Philippine Coins and Banknotes

New generation banknotes to be released next year

[Update: New Generation Philippine Banknotes released]

Screen grabs from GMA-7 news report shoowing 1000 peso bill designs with jeepney and tarsier. I don't know if these are some of the proposed designs or simply displays at the Money Museum.

GMA-7 news reported on the plan of the Bangko Sentral ng Pilipinas (BSP) to redesign all Philippine banknotes last November 10.

In an interview, Mr. Diwa Guinigundo, Deputy Governor of BSP, revealed they plan to release the redesigned notes by the last quarter of 2010. A redesigned set of coins will be released thereafter.

The overhaul of the Philippine peso bills was initiated since the design of Philippine money has been practically the same for over 20 years now. The plan is also seen as a measure to stay ahead of counterfeiters. The National Historical Institute (NHI) has no objections.

While the planned designs are not final yet, the Monetary Board is considering the following options:
  • former presidents (Cory Aquino?)
  • people who have given prestige to the Philippines (Manny Pacquiao? LOL)
  • endemic animals (Tarsier?)
  • historic and beautiful places (Tubattaha Reef, Subterranean River?)
Let's discuss each of these in detail sometime.

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