THE University of the Philippines (UP) Diliman Executive Committee and the UP Department of History exp
THE University of the Philippines (UP) Diliman Executive Committee and the UP Department of History expressed “grave concern” and “dismay” over the Bangko Sentral ng Pilipinas’s (BSP) new 1000-piso banknote design.
In a statement issued on Wednesday, the UP Executive Committee and Department of History said there should have been public consultation on replacing the three images of heroes on the 1000-piso bill with an illustration of the Philippine Eagle.
“We earnestly call on the Bangko Sentral ng Pilipinas to retain the images of our three heroes in the P1,000 bill, most especially in the new polymer bill,” the statement read.
“As our national anthem continues to grace even our most ordinary official celebrations as a constant reminder of our patriotic pledge to our country, our heroes by whose genuine sacrifices have enabled us to take our place in the community of nations and in world history should be equally honored and given their rightful place in the symbols of our nation,” it added.
Earlier this month, the BSP said it had reached an agreement with Australia’s central bank, the Reserve Bank of Australia, and its wholly owned subsidiary Note Printing Australia for the production of the local 1000-piso polymer banknotes.
The delivery of the first batch of 1000-piso polymer notes from Australia will be in April next year. It will then be circulated to the economy in mid-2022.
The BSP also released the design earlier this month of the polymer notes designed by the Central Bank and approved by the National Historical Institute (NHI). The design contained a clear film feature, with an illustration of the Philippine eagle instead of the three hero heads that are currently in circulation.
“Jose Abad Santos, Josefa Llanes Escoda, and Gen. Vicente Lim defended our freedom and democracy in one of the darkest hours in Philippine history. They died fighting a foreign invader, steadfastly committed to their ideals and advocacies as proof of their unconditional love of country,” the UP statement read.
“The design of the current note pays homage to these three genuine World War II heroes who offered their lives for our country; by its continued use and display the currency design affirms the legacies of their heroism,” it added.
The polymer design has also faced resistance against the change from abaca-cotton material to polymer.
The decision did not sit well with the Philippine abaca sector, whose leaders wondered aloud why BSP was switching to plastic when abaca in bank notes had proven to be the best option.
ressed “grave concern” and “dismay” over the Bangko Sentral ng Pilipinas’s (BSP) new 1000-piso banknote design.
In a statement issued on Wednesday, the UP Executive Committee and Department of History said there should have been public consultation on replacing the three images of heroes on the 1000-piso bill with an illustration of the Philippine Eagle.
“We earnestly call on the Bangko Sentral ng Pilipinas to retain the images of our three heroes in the P1,000 bill, most especially in the new polymer bill,” the statement read.
“As our national anthem continues to grace even our most ordinary official celebrations as a constant reminder of our patriotic pledge to our country, our heroes by whose genuine sacrifices have enabled us to take our place in the community of nations and in world history should be equally honored and given their rightful place in the symbols of our nation,” it added.
Earlier this month, the BSP said it had reached an agreement with Australia’s central bank, the Reserve Bank of Australia, and its wholly owned subsidiary Note Printing Australia for the production of the local 1000-piso polymer banknotes.
The delivery of the first batch of 1000-piso polymer notes from Australia will be in April next year. It will then be circulated to the economy in mid-2022.
The BSP also released the design earlier this month of the polymer notes designed by the Central Bank and approved by the National Historical Institute (NHI). The design contained a clear film feature, with an illustration of the Philippine eagle instead of the three hero heads that are currently in circulation.
“Jose Abad Santos, Josefa Llanes Escoda, and Gen. Vicente Lim defended our freedom and democracy in one of the darkest hours in Philippine history. They died fighting a foreign invader, steadfastly committed to their ideals and advocacies as proof of their unconditional love of country,” the UP statement read.
“The design of the current note pays homage to these three genuine World War II heroes who offered their lives for our country; by its continued use and display the currency design affirms the legacies of their heroism,” it added.
The polymer design has also faced resistance against the change from abaca-cotton material to polymer.
The decision did not sit well with the Philippine abaca sector, whose leaders wondered aloud why BSP was switching to plastic when abaca in bank notes had proven to be the best option.