PRESIDENT Ferdinand “Bongbong” Marcos Jr. has vowed to spend the people’s money on programs and projects that would benefit them.
On Wednesday, December 8, 2022, the Bangko Sentral ng Pilipinas (BSP) presented to Marcos banknotes bearing his signature and new coin series with the BSP logo.
Marcos said the new polymer banknotes were “smarter, cleaner, stronger;” promotes environmental sustainability and celebrates the country’s rich natural and national heritage; more durable, hygienic and cost-effective and have distinct designs and security features consistent with the principles of currency integrity, social relevance, efficiency, aesthetics, as well as having a unified theme.
“Be assured that it is the policy of this administration, to ensure that every peso and every centavo that the government spends in its programs and projects will be to the benefit of all Filipinos,” Marcos said in his remarks during the presentation of banknotes in Malacañang.
“So I convey my full support to all of our BSP officials and their employees. I also have complete confidence in your capability, competence and integrity,” he added.
Marcos also expressed gratitude to the BSP for its vital role in maintaining the integrity of the Philippine currency and for modernizing coins and notes to meet current needs.
He directed the agency to further intensify efforts against counterfeiting and other illegal activities involving the Philippine currency, as well as to ensure price stability, enrich banking reforms, and sharpen strategies to guarantee that public interest remains at the heart of the government’s priorities.
Marcos said the government will also come up with sustainable and smart solutions that will uplift lives and lessen the burden on the people, especially amid the Covid-19 pandemic and the increasing prices of commodities. (SunStar Philippines)