#bsp polymer banknotes

The Bangko Sentral ng Pilipinas (BSP) has unveiled new designs for polymer banknotes. Collectively, these are called the “First Philippine Polymer Banknotes Series”. Meanwhile, polymer banknotes can last up to seven and a half years. What do you guys think of the new designs for polymer banknotes in the Philippines? The Bangko Sentral ng Pilipinas (BSP) has assured the public that robust measures are in place against counterfeit banknotes, including those dispensed by ATMs of banks. "The banks have a responsibility to guarantee that banknotes coming from their ATMs are genuine, consistent with the BSP’s Financial Consumer Protection Framework, which requires financial service providers, such as banks, to conduct ethical business practices and not to engage in any practice that may cause harm to the consumer," the BSP said. The BSP has just posted an advisory reminding the public to regularly inspect banknotes for authenticity through the “feel, look, tilt” approach. 829, Series of 2014, banks are required to submit suspicious banknotes to the BSP for further examination. Read more in our articles including "BSP unveils new designs for polymer banknotes" and "BSP assures public of robust measures against counterfeit banknotes".