Philippine Banknotes: Facts About New Generation Currency Banknotes
When I first laid eyes on the NGC banknotes, I was actually impressed by how they looked like foreign money. Its also noticeable how younger the portraits of the featured heroes look compared to the previous series. The only thing I don’t like with these notes is that the colors fade very quickly. Maybe its just me, but I especially notice this fading on the 20, 50, and 100 notes.
Facts about the NGC banknotes:
- The NGC notes were conceptualized in 2007.
- Paper material for all NGC banknotes is composed of 80% cotton and 20% abaca fibers. The abaca fibers are sourced locally and its a way that BSP supports local farmers.
- According to BSP, we outsource the printing of some of our banknotes, but most are printed at the BSP Security Plant Complex in Quezon City.
- The 20, 50, and 1000 Piso notes’ design concept was executed by a group of artists called Studio 5 and 100, 200, and 500 Piso notes were designed by Design Systemat.
- The size of the NGC banknotes has been retained and will be the same as the NDS notes. 160mm x 66mm.
- For greater protection, the NGC notes were provided with four layers of security features:
- Level I : Security features which can be easily recognized by the public without use of special instrument. These are the “look, feel, tilt” elements in the notes such as watermark, security thread, security fibers, and others.
- Level II: Security features recognizable by professional cash handlers/bank tellers with the use of magnifying lens or ultraviolet light. Examples are fluorophosporescent features, security fibers, and microprinting.
- Level III: The hidden or covert security features reserved for the use of the Bangko Sentral.
- Level IV: Forensic security features for the use of law enforcers in testifying whether a banknote is genuine or counterfeit. These are detectable at specialized laboratories.
*Above facts taken from Bangko Sentral ng Pilipinas’ online publication:
“The Bangko Sentral ng Pilipinas’ New Generation Currency Notes: Safeguarding the Integrity of the Philippine Currency”
– By Maja Gratia L. Malic and Nenette E. Malabrigo
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