House bill pushes for 'friendly' money

MANILA -- Party-list lawmakers are pushing for the consideration of the elderly and the blind in the redesigned Philippine notes that the Central Bank will come out in December.

Bayan Muna Representatives Neri Colmenares and Teddy Casiño filed a bill entitled as “An Act for an Elderly and Blind Friendly Philippine Currency Design”, which commands the Central Bank to ensure that all notes and coins have different sizes to be easily recognized by the visually impaired.

It also requires that the denomination of a note should have raised dots reflecting the denomination of the note.

The bill explains that there are more than half a million blind people and many more are visually impaired citing statistics from the Resources for the Blind, Inc.

Furthermore, statistics reveal that about 100 children lose their sight every week. For the elderly, cataract is considered the leading cause of blindness.

“As of now, the elderly and the visually impaired have no way of knowing the exact value of Philippine currency especially the peso notes. This not only makes them vulnerable to fraud but is also disempowering because they have to depend on others to tell them how much a currency is worth,” said Colmenares. (Kathrina Alvarez/Sunnex)

Trending

No stories found.

Just in

No stories found.

Branded Content

No stories found.
SunStar Publishing Inc.
www.sunstar.com.ph