The domestic economy’s proven ability to rise above the challenges is reflective of the kind of growth it has built—rooted in structural transformation and not in mere streak of luck. In conclusion, I believe that the Philippine economy remains in a position of strength to weather uncertainties in the global environment.
Once these new notes are removed from circulation, they will be recycled into other products right here in Canada. Since the new notes were unveiled last June, Bank of Canada staff across the country have been training the millions of cash handlers and tens of thousands of police officers about how to check the security features of the notes.