APD | New Banknotes Released in Philippine

By APD writer Melo M. Acuña

MANILA, July 3 (APD) –The Bangko Sentral ng Pilipinas (BSP) released today the first set of banknotes with the name and signature of BSP Governor Benjamin E. Diokno. It will be recalled Governor Diokno took his oath of office as the fifth head of the govenrment’s central monetary authority last March 6.

In a statement, the BSP said the release was timed with its anniversary celebration in connection with 70 years of central banking in the Philippines.

The 20-piso, 50-piso, 100-piso, 200-piso, 500-piso and 1,000-piso banknotes with the Governor’s name and signature are the latest set of peso bills printed under the currently-circulated “New Generation Currency” series.

From 1949, Philippine currency has borne the signatures of the President of the Republic of the Philippines and the Governor of the Central Bank of the Philippines which is now known as the BSP. Laws in the Philippines mandate banknotes need to be signed by state authorities.

(ASIA PACIFIC DAILY)