Transcription
[Music] After years of review and thorough study, the Banco Central Pilipinas is introducing the new 1000-piso polymer banknote. This new banknote strengthens our efforts against counterfeiting, responds to pressing public health and safety concerns due to the COVID-19 pandemic, and promotes environmental sustainability. The 1,000-piso polymer banknote is smarter, cleaner, and stronger than our current paper banknotes. The BSP will release the new banknote in phases starting April 2022. The new 1,000-piso polymer banknote and the current 1,000-piso paper banknote will coexist and can both be used for payments and transactions.
Smarter: Advanced technology, intricate design, and complex security features make counterfeiting significantly more difficult and costly. The 1,000-piso polymer banknote has the following security features: look, sampagita, clear window, serial numbers, shadow thread, vertical clear window, metallic features, blue iridescent figure, polymer substrate, tactile dots, embossed prints, flying eagle, enhanced value panel.
Cleaner: Since the start of the COVID-19 pandemic, sanitizing frequently touched objects, including banknotes and coins, has become an urgent and widespread need. Not only do viruses and bacteria survive for shorter periods on polymer compared with paper banknotes, polymer bills can also be sanitized with less risk of damage, making them cleaner and more hygienic. Polymer banknotes also have a smaller carbon footprint as their production requires less water, energy, and other resources. It can also be recycled into other useful forms such as compost bins, building components, furniture, and other household products.
Stronger: The 1,000-peso polymer banknote can last 2.5 to 5 times longer than paper banknotes, given the polymer banknotes' resistance to water, oil, dirt, and general wear and tear.