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What is our New Philippine Money made up of?

The Bangko Sentral ng Pilipinas (BSP) does not use plastic or polymer in creating our Philippine money (banknotes). BSP uses a durable paper made mainly of 80 percent cotton and 20 percent abaca. The main reason is to support Filipino abaca farmers.

Abaca Made Philippine Money
Mainly abaca-made Philippine Money

For many years, BSP uses abaca because it makes the Philippine money (banknote) more durable, thus, improving its life span. Same with Japan, they also use abaca. In fact, BSP makes it a policy for their suppliers of banknotes to use abaca.
"What is our New Philippine Money made up of?" was written by under the Banking category. It has been read 11476 times and generated 0 comments. The article was created on 06 January 2012 .
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