new peso currency

Still looking for new Philippine peso bills

It’s been a Christmas tradition for most ninongs and ninangs to give new and crisp peso bills to their inaanaks. That’s why last week, I went to a bank to exchange my old bills into the crisp ones. That’s also when I remembered that I still have not completed my collection of new Philippine peso bills.

It’s been exactly one year since the Bangko Sentral ng Pilipinas (BSP) announced that they will release the new version of Philippine peso bills. They even said that the new bills will be in public circulation before Christmas of 2010.

Fast forward one year later and after much controversy about the bills’ design (I for one thought they look like play money), it’s now Christmas 2011 and the new bills are still rare to find.

New Peso bills look like play money

Two weeks after posting how the new Peso bills look like, I i finally got hold of the new P20 peso bill. Just like my initial impression before, the actual bill looks a lot like play money to me.

Don’t get me wrong. The new Peso bills do appear more modern in terms of design and perhaps with the new security features, they’re probably better compared to the old ones. But after being exposed to the old bills for a couple of decades or so, it would certainly take a few years before I’d get used to the new Peso bills.

new peso currency

Pinoy Money Talk