Philippines launch redesigned money denominations

Philippines launch redesigned money denominations

Manila : Philippines | Dec 16, 2010 at 3:26 AM PST
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Philippines' next president revealed

In Philippines: Six denominations — P20, P50, P100, P200, P500, and P1,000 redesigned Philippine money launches today.

President Corazon Aquino has now joined the image of her husband, the late Senator Benigno "Ninoy" Aquino Jr., on the new P500 bill.The inclusion of Mrs. Aquino, mother of President Benigno Aquino III, on the P500 bill is part of the redesigning of all Philippine peso bank notes that was unveiled by the Bangko Sentral ng Pilipinas (BSP) on Thursday reports said.

President Noy signature can now be seen in new banknotes the BSP started releasing late last month, led the launching of the new bank notes in Malacañang.

Reports said that the central bank has decided to upgrade the security features of all banknotes to make it easier for the public to detect fake money.

According to the BSP website, the banknotes' security features consist of, among others, security threads, fibers, watermarks, invisible fluorescent inks, optically variable ink, microprint, and moire pattern and iridescent band.

A banknote's design is first conceptualized before it is drawn by an artist into a prototype banknote. Once the prototype has been approved, printing plates will be produced.

The production of banknotes consists of litho printing; intaglio printing; sheet inspection; numbering; tenning (where numbered sheets are inspected every tenth sheet to check if there are defects); and finishing which includes cutting, counting and packaging, according to the BSP.

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Philippine Money Denomination
jenjhen18 is based in Dubai, Dubai, United Arab Emirates, and is a Reporter on Allvoices.
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