The BSP continuously looks for ways to improve our banknotes in response to the evolving needs of Filipinos and the availability of modern technologies. One such improvement is the use of polymer banknotes, which are known to be SMARTER (more secure and sustainable), CLEANER (more hygienic and sanitary), and STRONGER (durable and cost-effective) than paper banknotes.
In April 2022, the BSP began the circulation of the new and improved 1000-Piso polymer banknotes. This will be used alongside the 1000-Piso paper banknotes.
Delivery of 10 million pieces of 1000-Piso polymer banknotes (0.7 percent of the total no. of 1000-Piso banknotes in circulation).
Delivery of the remaining 490 million pieces of 1000-Piso polymer banknotes, bringing a total of 500 million pieces of polymer banknotes in circulation (31.9 percent of the total no. of 1000-Piso banknotes in circulation).
The distinct design and enhanced security features of the 1000-Piso polymer banknote are consistent with the principles of currency integrity, social relevance and efficiency, and unified theme and aesthetics.
Philippine Eagle Portrait
Small clear window depicting the Sampaguita flower with embossed line structures and the text "BSP”
Vertically aligned value panel with rolling bar effect
T’nalak weave design
Tubbataha Reefs Natural Park
Image of South Sea Pearl
Vertical clear window bearing optically variable devices such as the 3D denomination (obverse side only), seal of the Republic of the Philippines, and logo of the Bangko Sentral ng Pilipinas; an iridescent blue figure; and an embossed stylized flying eagle
Five highly embossed dots as tactile feature for the visually challenged
Polymer banknotes may be tough, but these banknotes also need to be valued and handled with care.
Just like our existing paper banknotes, the new 1000-Piso polymer banknote should be properly used so it can last for a longer period of time.
Here are the DOs and DON’Ts in handling polymer banknotes:
Sharing is caring! Learn more about the P1000-Piso polymer banknote by reading these free-to-download materials.