P1,000 polymer banknote wins 2022 Banknote of the Year Award

Photo from BSP
Photo from BSP

THE 1000-Piso polymer banknote of the Bangko Sentral ng Pilipinas (BSP) won the International Banknote Society’s (IBNS) “Banknote of the Year Award” for 2022.

The 1000-Piso polymer is the first Philippine banknote to win the award. It won over banknote finalists from Algeria, Barbados, Egypt, Northern Ireland, and Scotland.

“The Philippines’ successful design in eye-pleasing blue combines an endangered species with an environmental motif,” said IBNS.

IBNS is a global non-profit organization that recognizes exceptional banknotes issued each year on the basis of artistic merits, such as design and use of colors, as well as high-quality security features.

The obverse side of the 1000-Piso polymer banknote showcases the Philippine Eagle, which symbolizes the Filipino people’s uniqueness, strength, power, love for freedom, and sharp vision. It also features the national flower, Sampaguita, which represents purity, simplicity, humility, and strength.

Its reverse side showcases the Tubbataha Reefs Natural Park, a United Nations Educational, Scientific and Cultural Organization World Heritage Site, the T'nalak weave design of the T’boli people, and the South Sea Pearl.

The BSP began circulating the award-winning banknote in April 2022. It was printed by Note Printing Australia, a wholly-owned subsidiary of the Reserve Bank of Australia, Australia’s central bank. (PR)


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