BSP hosts consultation on 1000-piso polymer banknote  with abaca industry

The Bangko Sentral ng Pilipinas (BSP) consulted public and private sector stakeholders to discuss the issuance of the 1000-Piso polymer banknotes.

The conversation covered ways to enhance the competitiveness of the abaca industry and outlined the public health and environmental sustainability benefits of the shift to polymer.

BSP representatives were joined by officials from the Department of Agriculture (DA), Department of Health, Department of Trade and Industry, DA-Philippine Council for Agriculture and Fisheries, Philippine Fiber Industry Development Authority, and the National Banner Program Committee on High Value Crops – Fiber Crops.

In the photo above are the following (L-R): BSP Deputy Governor Mamerto E. Tangonan, Monetary Board Member V. Bruce J. Tolentino, and DA Undersecretary Fermin D. Adriano.