BSP Ozamiz introduces new 1000-piso polymer banknote

Bangko Sentral ng Pilipinas (BSP)-Ozamiz Branch conducts media briefing to introduce and inform the public of the newly issued 1000-piso polymer banknote held at Circumferential Road, Aguada, Ozamiz City. (SMRN/PIA-10/Misamis Occidental)

The Bangko Sentral ng Pilipinas (BSP) Ozamiz Branch introduced the newly issued 1000-piso polymer banknote as smarter, cleaner, and stronger than the current paper banknote in a media briefing, June 2.

This new banknote strengthens the BSPs effort to respond to pressing public health and safety concerns due to COVID-19 pandemic, promote environmental sustainability, and defer counterfeiting.

“The 1000-piso polymer banknote has the following security features: Sampaguita clear window, serial number, shadow thread, vertical clear window, metallic features, blue iridescent figure, polymer sound straight, tactile dots, embossed prints, flying eagle, and enhanced value panel,” Bank Officer II Ramonnetto Gervacio said.

Polymer banknotes make counterfeiting significantly more difficult and costly with more intricate designs and stronger security measures.

“Kini nga mga enhancements are done by Bangko Central in order to maintain the integrity of our banknotes and for us to be steps ahead of counterfeiters and protect the livelihood of ordinary men and women in the countryside,” he added.

The design of the 1000-Piso polymer banknote features the Philippine Eagle and the Sampaguita on the obverse side; and the Tubbataha Reefs Natural Park, South Sea Pearl, and T’nalak weave design on the reverse side.

BSP Ozamiz Branch Acting Deputy Director Mary Ann Dionson shared that the new 1000-Piso polymer banknote was launched on April 6 and initially released to circulation in the National Capital Region and few in the locality.

“If the BSP’s timeline will go as planned, the bulk of this banknote will be released by November, this year,” she said.

The BSP periodically updates the material, design, and security features of the banknotes to ensure that they promote public well-being, durable enough for longer-term use and incorporate the latest technology to prevent counterfeiting. (Shaine Mae R. Nagtalon/PIA-10/Misamis Occidental)