President Ferdinand "Bongbong" Marcos Jr. expressed satisfaction over the new polymer banknote bearing his signature, saying it serves as a response to safety concerns in the wake of the Covid-19 pandemic.
Marcos said the new polymer banknote is “smarter, cleaner, stronger."
Aside from it serving as a response to the pressing public health and safety concerns due to the pandemic, it also promotes environmental sustainability and celebrates the country’s rich natural and national heritage, he said.
The new Philippine banknotes bearing Marcos' signature and new coin series with the Bangko Sentral ng Pilipinas (BSP) logo were presented by the BSP to the President on Wednesday, Dec. 7.
The chief executive said the new banknotes are more durable, hygienic and cost-effective and have distinct designs and security features consistent with the principles of currency integrity, social relevance, efficiency, aesthetics, as well as having a unified theme.
He added that it is also consistent with the administration’s policy to promote sustainability by using environment-friendly production resulting in smaller carbon footprint and lower water and energy usage.
Marcos also echoed calls to raise more awareness on the proper handling of polymer banknotes as he looks forward to wider traction and adoption as the country transitions to using the new polymer currency.