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money

This tag is associated with 16 posts

BSP starts decomissioning old NDS banknotes

The Bangko Sentral ng Pilipinas (BSP) will begin withdrawing old banknotes from circulation starting next year January 1. For almost three decades, we’ve been using the New Design Series (NDS) banknotes while the New Generation Currency (NGC) was released on December 2010, since then both NDS and NGC co-circulates countrywide. The currency retirement or demonetization process for … Continue reading

Unissued 2001 Erap banknotes confirmed

In a September 2010 Manila bulletin article, the Banko Sentral ng Pilipinas (BSP) considers on disposing 4.95 million pieces of 2,000 Piso Estrada banknotes in Its Vault. Eventually, those pieces were shredded and destroyed but 50,000 pieces of which were demonetize and kept for historical, educational, numismatic purposes. Over the years, there have been very few reports made about this … Continue reading

Official vs Private Overprints

Technically, an overprint is the additional layer of text or graphics added to a banknote after it has been printed. Official overprints are those which are recognized and formally released by the Banko Sentral ng Pilipinas (BSP) to celebrate a particular event. Private overprints on the other hand, are those made by private groups on demonetized … Continue reading

PH’s new generation coin series by 2014

According to a recent article from The Philippine Star, studies for a new generation of coins are currently being conducted by the Bangko Sentral ng Pilipinas (BSP) and probably be unveiled in 2014. From an interview BSP Deputy Governor Diwa Guinigundo said that we’ll soon to have a set of new generation of coins. Security features, … Continue reading

PH coins and Banknotes feat. Andres Bonifacio

November 30, 1863 marks the birth of Andrés Bonifacio y de Castro. He was a Filipino nationalist and founder & Supremo of the Katipunan which sought the independence of the Philippines from Spanish colonial rule. Later on celebrated as one of the country’s many national heroes, having himself immortalized in coins & banknotes.

Counter Counterfeits this holiday season

Now that the Philippine Holiday season is at full swing, a dedicated ninong & ninang would know that it’s time to ready up  those crisp peso bills, coz’ children are coming to town for their Christmas aguinaldos. If you don’t have any, don’t cower under your bed just yet, because by that time, Bangko Sentral ng Pilipinas … Continue reading

Philippines’ Award Winning Banknotes

The Philippines’ New Generation Currency banknote series, known as the NGC, received a finalist award for the Best New Banknote Series category during the 2011 Currency Conference held in Singapore last 5 October 2011. The award was given by the International Association of Currency Affairs (IACA), whose membership includes central banks, financial institutions and industry … Continue reading

Cleaner future for Philippine paper money

According to an article in health.usnews.com, researchers have analyzed 156 pieces of paper money from 21 different countries all over the world and found out that all of the bills contained traces of BPA (potentially toxic chemical bisphenol). Paper money from Brazil, the Czech Republic and Australia had the highest BPA levels, while bills from … Continue reading

RC MananQuil: PH money design & concept

How I “Made Money” for the Bangko Sentral ng Pilipinas My recollections of my personal story behind the redesigning of the Philippine bank notes and coins by Romeo Castillo MananQuil as told to Isa I. Palanca (published in Celebrate magazine, Fall 2008, Toronto, Canada) In 1982, while I was teaching at the UP College of Fine … Continue reading

BSP continues printing old notes designs?

According to a press release issued by the Philippine Information Agency dated 20 July 2011, the new banknotes introduced by Bangko Sentral ng Pilipinas (BSP) on 16 December 2010 were printed by an undisclosed French firm (most likely Oberthur Technologies), but that upgrades to the Security Plant Complex in Quezon City were under way so … Continue reading

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