Banknote and Coin Production Statistics (2006)

Banknotes

The Banknotes & Securities Printing Department of the Banko Sentral ng Pilipinas is responsible for the printing of banknotes. Shown below is its production for the ten years period.

Year - Production(in millions)
1995 - 735.05
1996 - 594.93
1997 - 619.77
1998 - 735.50
1999 - 1368.04
2000 - 849.00
2001 - 802.55
2002 - 865.62
2003 - 775.58
2004 - 942.03
2005 - 987.00
2006 - 801.50

Total value of banknotes issued in 2006 was worth PhP 448.9 billion in 2.068.55 million pieces of banknotes.

Coins

In 2006, the BSP Mint produced 1.140 billion circulation coins. Total value of coins in circulation for that year was worth PhP 13 billion in 12,131.88 million pieces of coins.

Currency Retirement

A total of P25.47 billion (463.28 million pieces)processed/verified cancelled unfit notes were retired through the Security Engineer Machine (SEM)Disintegrator in 2006. Meanwhile, a total of P66.61 billion (110.05 million pieces) were retired on-line, higher by 84.15 percent than its level during the previous year.