The Bangko Sentral ng Pilipinas (BSP) plans to showcase the critically endangered Ceratocentron fesselii orchid on its new polymer banknotes, an initiative that aims to improve security features and promote conservation awareness.
In a Facebook post on Tuesday, Dec. 10, the BSP revealed plans to release the First Philippine Polymer (FPP) Banknote Series in the first quarter of 2025, which will showcase the country's rich biodiversity.
Ceratocentron fesselii, known for its vibrant orange flowers, is found only in Luzon and Negros. The BSP stated the new series will highlight various endemic flora and fauna, with Ceratocentron fesselii as one of its stars.
In a social media post last week, the BSP teased the upcoming series with silhouettes of different animals, emphasizing its commitment to producing banknotes that are "smarter, cleaner, and stronger."
The central bank said this initiative aims to promote national pride and underscore the importance of protecting the country's unique species.
The BSP, however, assured the public that existing paper banknotes would remain in circulation alongside the new polymer notes.
While the new designs are a departure from tradition, the BSP noted that the contributions of national heroes will always be recognized.