Note and Coin News

Philippines Scoops IBNS Award

Bankgo Sentral ng Pilipinas (BSP) has won the International Bank Note Society (IBNS) Banknote of the Year award for 2022 for the 1,000 piso note, breaking the Banco of Mexico’s winning streak after it scooped the award for both 2020 and 2021.

The 2022 winner was printed by Note Printing Australia on polymer, and is currently being piloted alongside its paper counterpart to acceptance of the substrate for future Filipino banknotes. The face of the note features two Philippines symbols, the endangered Philippine eagle and, in the hologram, the Sampaguita, the national flower of the country. The reverse of the note is unchanged from the paper version, featuring the Tubbataha Reefs Natural Park (a UNESCO World Heritage Site), country map, and South Sea pearl.