July 21, 2009

BSP considering new designs of coins and notes vs. counterfeiting

The Bangko Sentral Ng Pilipinas is considering to change the design of our coins and banknotes to fight the proliferation of counterfeit banknotes and coins. BSP also admit that the current designs of our notes and coins have been utilized for the past 20 years now is counterfeits have been very familiar with the these designs.

The newly designed money will feature new advantages such as for blind people and other security measures against rampant counterfeiting. According to BSP, these notes and coins will become available in 2011.

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