Thursday, November 25, 2010

P-Noy signed paper notes out starting Friday

MANILA, Nov. 24 (PNA) –- The Bangko Sentral ng Pilipinas (BSP) will make available starting Friday bank notes signed by President Benigno Aquino III.

A complete set of banknotes, dubbed new series, and bearing President Aquino's signature, was presented by BSP Governor Amando Tetangco Jr. to the President today at the President's Conference Room, Premier Guest House, Malacañang.

The new series is separate from the redesigned bank notes, which the central bank earlier said would be released next month.

Earlier, BSP Deputy Governor Armando Suratos said the new P500 bill will include the image of former President Corazon Aquino with her husband, Benigno Aquino Jr., whose picture is now used on the said note.

Monetary officials said the redesigned notes will feature prominent places in the country like the Mayon Volcano.

They said it will also include improved security features that would enable the public to easily determine counterfeit bills. The existing notes will still be in circulation three years after the introduction of the new design but will be out after the third year.

The BSP has released a comprehensive primer and FAQ on its new banknotes. Members of the public may access this by clicking on this link:

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