As you may remember, the Bangko Sentral ng Pilipinas released in circulation the New Generation Currency Banknotes Series in December 2010. As a matter of practice, central banks regularly change the design and security features of currency to protect its integrity every 10 years, on average.
While digital payments are on the rise, there are still some sectors in our society that use cash to purchase goods and pay for services. And it is equally our priority to ensure that banknotes and coins are accessible, recognizable, and easily authenticated. Irish poet Oscar Wilde once said that when bankers get together for dinner, they discuss art.