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The new polymer banknotes will be available nationwide starting in january 2025, alongside the paper banknotes of the same denominations As the philippines joins other nations in adopting polymer technology, these new banknotes promise a longer lifespan, better resistance to wear and tear, and improved features to prevent counterfeiting. The bsp said that beginning december 23, they will be available in limited quantities in the greater manila area.
Unveiled the first philippine polymer banknote series on december 19, 2024, at malacañang palace The bsp is implementing new polymer banknotes in the philippines across various denominations to enhance currency security and durability. This historic launch includes new denominations of php 50, php 100, php 500, and the previously introduced php 1,000 note.
The bsp will initially circulate less than 100 million pieces of each denomination of the new polymer banknote series to help meet the currency demand of filipinos during the holiday season.
Polymer was pushed through for their longer lifespan, resistance to water and dirt, and improved recyclability. The new banknotes composed of the p1,000, p500, p100 and p50 bills feature images of iconic wildlife alongside protected areas or famous spots that harbor some of the country’s rich biodiversity. The bangko sentral ng pilipinas (bsp) is rolling out the first philippine polymer banknote series, introducing new p50, p100, p500, and p1,000 bills starting january 2025.
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