The Bangko Sentral ng Pilipinas (BSP) is currently in the process of redesigning all Philippine banknotes which have hardly changed over the past two decades. However, a 21-year old designer from Pennsylvania went ahead of BSP and created interesting new Philippine Peso banknote designs which serves well as an appetizer for the real ones to come. I think this serves well also as a challenge for the Philippine central bank to be very creative in making radically new money.
In his blog, Ryan Riegner echoes my appreciation for banknote design. He also explains why he chose to play around with redesigning the Philippine peso.
Paper currency, regardless of it’s technical beauty, elegant craftsmanship and saturation into everyday life, it is one of the most commonly overlooked aspects of remarkable design… so I chose to redesign some. I decided to go with the Philippine peso, as I will be traveling to Australia and Southeast Asia this winter. I chose to focus primarily on applying governmental requirements, specific imagery, color, and form relative to the Philippines that showcased both internal and external associations with this island nation, and I am more than pleased with the result. I plan to distribute them to locals, possibly as trade if and when I arrive.
Ryan's three designs (100, 500, 2000 denominations) have the look of polymer notes which the BSP is also considering. However, there are some glitches in the spelling such as "Republica" instead of "Republika." The 100-peso notes are also wrongly indicated as "sandaang libong piso" (100,000) instead of "sandaang piso" while the 50-peso notes are "limang piso" (5) where they should be "limandaang piso." Nevertheless the relatively 'simple' designs are very interesting.
We do hope the BSP will open the redesigning of Philippine currency to all Filipinos in some sort of art contest. How about you? How do you want Philippine money to look like?