The New Generation Currency (NGC) Banknote Series has been enhanced with the latest anti-counterfeiting technology and made more responsive to the needs of the elderly and the visually impaired.
The Bangko Sentral ng Pilipinas (BSP) said it added short horizontal lines that may be touched and felt at the right side of the banknotes.
There will be one pair of these lines for the 50-Piso, two pairs for the 100-Piso, three for the 200-Piso, four for the 500-Piso, and five for the 1000-Piso.
These lines will allow the elderly and the visually impaired to easily identify banknotes and distinguish one denomination from another.
The security features of the 500-Piso and 1000-Piso were strengthened by adding a roller bar effect on the value panels and color-shifting in the Optically Variable Ink.
These features will make the higher denominations more difficult to counterfeit.
The BSP also highlighted the country’s rich culture by featuring indigenous Filipino weaves on the windowed security thread of the 100-Piso, 200-Piso, 500-Piso and 1000-Piso banknotes.
“To further promote inclusivity and integrity in our currency, the BSP also took an opportunity to further improve our banknotes as part of global best practices and, at the same time, improve on its design and security features,” said BSP Governor Benjamin E. Diokno.
Currency experts worldwide recommend improvements in security features and other enhancements every 10 years.
The NGC Banknote Series has been in circulation since December 2010.
The NGC banknotes without the enhanced features will remain legal tender and shall co-exist with the enhanced banknotes. (Ventures Cebu)