Today’s lunch was just one of the usual lunch-at-work – lining up for food served in metal plates, waiting for minutes (or half an hour if not so lucky) to be served. Or so I thought it was. Not until Manuel L. Quezon came to my rescue from the dreadful boredom of the cafeteria. Yes! Manuel L. Quezon with his younger face being printed in the new P20 bill.
These new bank notes were released last third week of December 2010 just before Christmas. According to Bangko Sentral ng Pilipinas (BSP) spokesperson Fe Dela Cruz, smaller denominations will be distributed first to banks, just in time for the aguinaldo during the season. They were expecting that all denominations will be distributed this month. The targeted amount to be circulated by 2011 is roughly P2 billion pesos.
New safety measures were added to the bank notes which includes patches that changes color at 45-degree angle, micro-prints, and security threads. Embossed printing was also added for the vision-impaired. Made of 80% cotton and 20% abaca and with anti-bacterial quality, bills of higher denominations are expected to last for 3 years.
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