Jan 10, 2025
CCL Secure sole supplier for the new polymer banknote series in the Philippines
1. CCL Secure sole supplier for the new polymer banknote series in the Philippines
Source: BIN
CCL SECURE SUPPLIES GUARDIAN™ SUBSTRATE FOR PHILIPPINES’ FIRST FULL FAMILY Banknotes ON POLYMER
The Bangko Sentral ng Pilipinas has recently issued three new denominations on GUARDIAN™ polymer substrate by CCL SECURE to complete its first full family of polymer banknotes in a major milestone for the Philippines.
The PHP50, PHP100 and PHP500 banknotes entered circulation in December 2024, building on the success of the PHP1000, which was issued in April 2022 to provide proof of performance in the cash cycle.
This landmark full polymer series was a collaboration between Bangko Sentral ng Pilipinas and Note Printing Australia, with GUARDIAN™ polymer substrate by CCL SECURE now being supplied for all denominations.
Excellency and President Sir Ferdinand R. Marcos from the Philippines outlined the independent evidence that has informed the country’s decision to transition to polymer.
“... Polymer banknotes can last up to seven and a half years, five times longer. That means that we no longer need to replace them as often, saving money, cutting down on waste, and making a meaningful contribution to protecting the environment.”
Features by CCL Secure integrated in the new polymer series:
Each of the four denominations also includes CCL Secure’s IRISWITCH™ feature, which appears transparent when viewed straight on, but reveals a pearlescent colour when the note is tilted. The ‘switch’ colour has been designed to match the primary colour of a given denomination, which is blue for the PHP1000, gold for the PHP500, lilac for the PHP100 and red for the PHP50.
The Central Bank of the Philippines cites public demand for more hygienic banknotes as an urgent driver of their decision to polymerise. Polymer banknotes can also be sanitised with less risk of damage, the central bank notes. This is particularly important in cash cycles characterised by heat and humidity, like the Philippines.