The New 1,000 Peso Polymer Bill

The New 1000 Peso Polymer Bill

People of the Philippines are excited about the coming of the new 1000 Peso Polymer bill. For the past 25 years, everyone takes pride in the contribution of their heroes in their land. Their pride shows and takes its place as the faces of these heroes are on their Peso bills. They are fully reminded that their presence will not be as it is if not for the mindset and perseverance of their heroes and that the status of the country will not be the same if their national heroes did not speak and fight for their rights and the rights of their neighbors. Nevertheless, there is an unexpected, new, and wonderful movement, a movement to think about how must Filipinos take pride in regard to their environmental state, and also to promote their endangered state. Instead of heroes, they are now starting to put on the faces of the environmental symbols that provide significant use in the county, the Philippines and it signifies the personality and characteristics of the Filipinos. They are starting and endorsing the new 1000 Peso Polymer Bill.

A lot from different sectors questioned this movement, especially since the country is facing various issues and crises. Also, the endorsement of the 1000 Peso Polymer bill 2022 faced concern from The Philippine Fiber Development Authority (PHilFIDA) as they opposed shifting to Polymer from Abaca fibers in the production of banknotes because they elaborated that the Abaca is the strongest, the longest, and most absorbent natural fiber in the world. They wanted to make sure and promote the Philippines’ homegrown industry. As Philippine News Agency (PNA), the current bill is made of 80% cotton and 20% Abaca. The Bangko Sentral ng Pilipinas (BSP) assured the PHilFIDA that there is no other substitute for the precious Abaca but the BSP stand firm in replacing Polymer on the banknotes to the world.

Furthermore, The Bangko Sentral ng Pilipinas explained that it is already a practice that the banks regularly change the designs of their money. The newly designed coins and banknotes protect and guard against counterfeiters. Also, it is a way to apply new upgrades in all the banknotes not just to be as well on the trend, but also to establish good security for the Filipino people. This practice will be difficult for the counterfeiters to reproduce an exact copy of the money. Its mission is to protect the integrity and value of our currency against a felon.

The New 1000 Peso Polymer Bill
Photo from Banko Sentral ng Pilipinas FB Page

It is now beginning with the new 1000 Peso bill 2022. In the front of the 1000 Peso Polymer bill, the Philippine Eagle is featured in front. In 1995, The Philippine eagle is the country’s national bird. It is considered one of the most powerful birds living. Aside from the Philippine eagle is considered rarest or endemic in the world, as the ABS-CBN News said that it is considered the flagship species in the conservation of the Philippine wildlife. Furthermore, it is said that the Philippine eagle shows and exemplifies the personality. As the Philippine eagle has shown its uniqueness, strength, power, and love for freedom, these characteristics is as the same as the Filipinos shown in every adversity, circumstance, history, and natural calamities.

Features of the New 1000 Peso Polymer Bill

Together with the brave-looking Philippine Eagle in front of the 1000 Peso Polymer bill, it is the Philippine National flower, the Jasminum sambac usually known as Sampaguita. According to the Philippine National Museum, in 1934 Governor-General Frank Murphy declared the Jasminum sambac the National flower. The characteristics of the while flower are known to symbolize purity, fidelity, and hope. Even though the National Museum elaborated that the Philippine flower, Jasminum sambac is not native and not considered a natural specie, it has made its way to cultivate the Philippines for ornamental purposes. It is because of its simplicity and scent, Filipinos related more to it, because, it signifies their simplicity with its undeniable purity, fidelity to the family and country, and hope.

At the back of the new 1000 Peso bill 2022, There is the Tubbataha Reefs Natural Park is part of the UNESCO world heritage in the Philippines. UNESCO stated that the Tubbataga Reefs Natural Park is a unique model of an atoll reef with very rich marine species – the North part of the island is a nesting site for birds and marine turtles.

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There’s more! The park is an excellent example of a pristine coral reef. Beside it is the South Sea Pearl, the rarest of all types of pearls. The South Sea Pearls are cultivated in salt waters. According to Philstar, it is a national gem, and it is a highly prized wonder of nature from the country’s tropical shores that manifest the country’s tradition and culture. Also, the T’nalak weaving design provides a lot of signific in the Philippines, it is a sacred cloth woven by the T’boli women and traditionally made by women of royal blood.

The New 1000 Peso bill 2022 is made and endorsed by the Bangko Sentral ng Pilipinas and headed by President Rodrigo Duterte, as they say, is a solution for the different crises faced by the country and that it will surely immediately press public concerns. First, communicable diseases and viruses like the COVID-19 and its variants hit the country unexpectedly, People are asked to sanitize frequently touched objects. The use of the new 1000 Peso Polymer bill will help prevent the widespread of the disease because the composition of polymer is resistant to dirt, bacteria, and even the current virus. Due to the fact that it is made of Polymer, specifically, the polymer money is made by Biaxially Oriented Polypropylene (BOPP). According to Ian MacCartney, as he described the advantages and advantages of Biaxially Oriented Polypropylene, stating that it is environmentally friendly, it is always dry, it is protected against air pollution and toxic chemicals, it is resistant to oils and grease and it is not easily destroyed, moreover, it remains wrinkle and shrinks free.

This leads to the second reason through the of the Bangko Sentral ng Pilipinas, that it will not create counterfeiting problems and it is a preventive measure for crime syndicates in the techniques of making unreal bills because the material is more complex and difficult to reproduce. This material has more significant materials than the paper bill. Third, the country is experiencing a scarcity of water, energy, and other physiological needs of the people to live. These are the reasons that made an immediate action from the Bangko Sentral ng Pilipinas to consider starting to create the new 1000 Peso Polymer bill.

According to the Manila Times, In April, announced by central bank Governor Benjamin Diokno, President Rodrigo Duterte headed the ceremony of presenting the new banknotes held in Malacañang. Diokno also stated that the new 1000 Peso Polymer bill will also be seen in the country’s Automated teller machine (ATM). He also added that the new 1000 Peso Polymer bill, as well as the current 1000 Peso paper bill, will be circulated and used for payments.

What do you think about the new 1000 Peso Polymer bill? Are you also excited to experience the beauty of this bill? Are you also one of the people who supports the good effect and the changes and upgrade of Bangko Sentral ng Pilipinas?

Written by Jane Lansang