BSP presents new generation bank notes to President Aquino

December 17, 2010 3:15 am 

By Joann S. Villanueva

MANILA, Dec. 16 – Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. presented to President Benigno Aquino III the new generation bank notes expected to be available before the year ends.

The new bank notes have the same color of their respective denomination but have new designs.

One side of the new P20 bill will still have the portrait of former President Manuel Quezon but will have the insignia of the Republic of the Philippines and the new logo of the BSP. All new generation notes will have one side featuring the photo of the featured personality alongside the two logos.

On the other side, the picture of the Malacanang Palace was changed with the picture of the world famous’ Banaue Rice Terraces, which was declared by the United Nations (UN) as a World Heritage Site; a photo of the palm civets famous for producing one of the world’s most expensive coffee varieties – Alamid Coffee; and a weave design from the Cordilleras.

The P50 bill still have the photo of former President Sergio Osmeña on one side and the landmark monument known as the “Leyte Landing.”

The other side features the Taal Lake, the Giant Trevally locally known as “Maliputo”, and embroidery handcrafted in the province of Batangas.

The new P100 billion retains the portrait of former President Manuel Roxas, the Republic’s and the BSP’s logo, a photo of the inauguration of the third Republic in July 4, 1946, and 1949 photo of the Central Bank of the Philippines, the charter of which was among the priority bills of Roxas during his stint in the House of Representatives.

On the other side is another world-famous landmark – the Mayon Volcano in Legaspi City, Albay; the world’s largest fish – whale shark locally known as “butanding”, which is the main attraction of Donsol, Sorsogon; and a detail from a design from an indigenous textile famous in the region – Abaca.

The P200 bill will have the Barasoain Church and the oath-taking scene of former President Gloria Macapagal-Arroyo at the sides of the portrait of Arroyo’s dad former President Diosdado Macapagal and the logo of the Republic and the BSP.

Its other side features Bohol’s famous Chocolate Hills, the world’s smallest primates – the Tarsier; and a highlight of a design handcrafted in the Visayas region.

A major change was made in the P500 bill, which now feature the portrait of former President Corazon Aquino beside the photo of his now smiling husband – former Senator Benigno Aquino Jr. It also features the Benigno Aquino Monument on the same side.

The other side has the eight-kilometer Puerto Princesa Subterranean River National Park of Palawan, the rare Blue-naped Parrot found in the forests of Palawan and Mindoro, and a design highlight of a woven cloth from Southern Philippines.

The P1000 bill still has the three personalities – former Supreme Court Chief Justice Jose Abad Santos; social worker, educator, women’s right advocate and Girl Scout of the Philippines founder Josefa Llanes Escoda; and first Filipino West Point graduate and former Philippine Army Chief of Staff Brig. Gen. Vicente Lim.

Their portraits have a photo of the 1998 Philippine independence centennial celebration on the left side of the money and a photo of medal of honor at the right side. The Republic’s insignia and the BSP’s logo are also on the same side with the portraits.

The other side of the bill has a photo of the largest pearls in the world – the South Sea Pearl at the center and at the background is the 130,000-hectare Tubbataha Reef Marine Park in Sulu Sea. At the right side of the money is a highlight of the design for Tinalak or Ikat-dyed abaca, which is woven in Mindanao.

Tetangco said the new generation notes will be released this month but declined to say which denomination would be released first.

He said they are still waiting for the first tranche and they will release it as soon as these are delivered.

“We hope to release all denominations as soon as possible. Printing is continuing,” he said.

The central bank chief said the existing currencies will still be legal tenders in three to four years to allow for the transition and phase out of the old ones. (PNA)

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