Diokno bares new security features of NGC banknotes

By Joann Villanueva

July 3, 2019, 9:55 pm

MANILA -- The Philippine banknotes to be released in the first quarter of 2020 will have additional security features and will be helpful to the elderly and visually-impaired, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Wednesday.

“The upgraded security thread and anti-copying and anti-scanning features will improve counterfeit deterrence. While the incorporation of tactile marks is meant for the elderly and visually-impaired and is part of our commitment to promote broad and convenient access to high-quality financial services to the Filipino people,” he said during the launch of New Generation (NGC) banknotes that bear his signature.

“Rest assured that the Bangko Sentral will continue pursuing its mandate with the Filipino people always in mind,” he added.

Improvements on the NGC banknotes include the upgraded windowed security thread with unique color and design per denomination, anti-copying and anti-scanning features and incorporation of tactile marks.

The launch was made during the central bank’s celebration of its 70th anniversary as the country’s central monetary authority and nearly four months after Diokno took its oath of office last March 6.

Diokno succeeded former BSP Governor Nestor A. Espenilla Jr., who succumbed to cancer last February. (PNA)