New polymer banknotes more effective against counterfeits

BSP: Polymer bills lead to drop in counterfeits
The Bangko Sentral ng Pilipinas reported a significant decrease in counterfeit banknotes since the introduction of polymer currency, with only one fake P1,000 polymer note detected per 82 million pieces in circulation.
BSP: New polymer banknotes more effective against counterfeits
The Banko Sentral ng Pilipinas (BSP) cited studies showing that the newly-released polymer banknotes are more effective in preventing counterfeits. It also asserted that the latest designs of the polymer bills are “smarter,
BSP: Majority of Filipinos support polymerization of PH banknotes
A survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed that majority of Filipinos support the polymerization of Philippine banknotes.
BSP touts advantages of polymer banknotes
THE Bangko Sentral ng Pilipinas (BSP) said the use of polymer banknotes can protect Filipinos from counterfeit bills while protecting the environment. In a statement issued last Thursday, the BSP also said polymer banknotes also have at least 7 times the lifespan of paper banknotes,
BSP unveils new polymer banknotes
The Bangko Sentral ng Pilipinas (BSP) unveiled the First Philippine Polymer Banknote (FPP) Series on Thursday, December 19, 2024, featuring new banknote designs after the release of the P1,000 polymer banknote into circulation in 2022.
Plastic banknotes lower counterfeiting risks – BSP
THE introduction of new polymer banknotes is a significant step in reducing counterfeiting risks, the Bangko Sentral ng Pilipinas (BSP) said. The central bank earlier this month launched 500-, 100-, and 50-piso polymer bills,
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BSP expects to hit inflation target for 2024
For the first time in three years, the Bangko Sentral ng Pilipinas (BSP) might not have to explain to the President why it ...
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BSP lifts ban on new digital banks
The Bangko Sentral ng Pilipinas (BSP) will officially lift the moratorium on new digital banking licenses starting Jan. 1, ...
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Lifting of BSP freeze makes way for maximum 10 digital banks
A MAXIMUM of 10 digital banks will now be allowed to operate in the Philippines as a result of the lifting of the Bangko Sentral ng Pilipinas (BSP) moratorium on the establishment of these banks.
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BSP extends 2% to 4% inflation target through 2028
The Philippines’ central bank said on Friday it will maintain its current annual inflation target of 2% to 4% through to the end of 2028, saying the outlook was for inflation to stay manageable. The ...
SP, BSP urge Centre to avoid controversy over Manmohan Singh’s funeral, memorial
This comes after Congress president Mallikarjun Kharge urged Prime Minister Narendra Modi to have Singh's funeral at a place ...
BSP Mayawati mourns the demise of former PM Manmohan Singh
Mayawati mourns the demise of former Prime Minister Manmohan Singh, praising his significant contribution to India's economy.
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BSP profit soars to P109.7 billion in 9 months
The earnings of the Bangko Sentral ng Pilipinas (BSP) stood at P109.7 billion as of September, nearly five times higher than ...
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COA: BSP spent P5.95B for new peso banknotes
The new polymer banknotes featuring the country’s endangered species were unveiled by the Bangko Sentral ng Pilipinas (BSP) ...