The BSP said the new polymer banknotes were targeted to be released in the first quarter of 2025. The paper-based bills will cocirculate with the new banknotes. The central bank hinted at the ...

MANILA — Bangko Sentral ng Pilipinas Governor Eli Remolona hailed the achievements of the central bank for the year 2024 during the BSP Annual Reception for the Banking Community, Friday night.

Polymer banknotes were first issued in 1988 by Australia, which now uses polymer exclusively and is about to launch a new series of notes, starting with the $5 bill in September. Polymer is now used ...