The Color of Money runs deeper than the obvious with one look our money is green or red violet orange yellow or blue as we look closer it changes into many different shades as painted by the countless stories it has become a part of our history [Music] Heroes values our daily life the pursuit of happiness and dreams fulfilled indeed the color of our money is the story the pulse of our people and as we evolve as a people so does the color of our money the Filipinos first used paper currency in the mid 19th century while under Spanish rule with the establishment of the Central Bank of the Philippines in 1949 great Filipinos appeared for the first time on our banknotes the English series as our country progressed our money continued its transformation this time it highlighted design elements that confirmed our independence in the 60s the English words on the notes were translated into the national language called the Filipino series The Back notes featured key events and places in our history in the 70s to Echo the government's new Society program the phrase angb lipunan was stamped on the new bills our banknotes began to be printed in the newly built security PL complex of the Central Bank the new design series was launched after the People Power Revolution in 1986 this included the 500 piso bank note with the image of Senator Benigno aino Jr and the 1,000 piso which featured three Philippine wartime Heroes when the bank of central Lang Filipinas was created in 1993 as the country's Central monetary Authority its new logo was incorporated in all the banknote denominations by the New Millennium the security features of the banknotes had been enhanced and the type of bank note paper upgraded with a shift from cotton linen to Cotton with Philippine [Music] abaka thorough planning and deliberation starts the process of making money available to the public first the Banos Central's department of economic research determines currency demand based on the expected price movement as well as the growth of our population and the economy after this the cash Department places the order with the security plant complex which in turn procures the materials needed to produce and print the banknotes when the designs of banknotes are changed final approval of the president of the Republic is required from the approved design a prototype back note is prepared the the back note image is then etched on a mastered die from which printing plates are produced meanwhile ink experts mix the exact colors of the money with the ink and plates readied printing begins on special security paper that is composed of 80% cotton and 20% Philippine abaka this combination gives it a distinctive texture that sets it apart from ordinary paper the sheets of banknote paper go through off set printing where 15 to 20 colors of the design are printed at a time next the paper goes through the intalo printing process which gives the money its embossed look and feel raised ink from intalo printing requires drying for several days after this the back note sheets are submitted for a series of [Music] inspections the serial numbers are then printed on each bank note which are again subjected to thorough inspection the sheets are then cut and packed into bundles of 1,000 pieces each these are now delivered by the security plant to the currency Management Group from where banks exchange or withdraw their currency requirements from the banks the banknotes finally find their way into the economy and our wallets there is one question that is repeated repated L asked of the bankco central given our ability to print money why can't we just print a lot of money as a matter of policy prudent central banks such as the bankco central print only the amount of money projected to be sufficient to promote stable movement of consumer prices conducive to balanced and sustainable economic growth printing a lot more money than the economy needs is bad policy because it will lead to higher consumer prices and lower buying power for the family this is the Bedrock of price stability the responsibility of the Bank Central lilipas referring to money as currency illustrates how it is always current Dynamic flowing from one hand to the other masterfully designed our new banknotes pay tribute to Great Filipinos who played significant roles at crucial moments in our nation's history the reverse side features iconic natural wonders we are proud of as Filipinos covering Luzon Bas and M now the new generation Philippine banknotes [Music] the new 20 Pisa honors president Manuel El kazon the first elected Philippine president who advocated the adoption of a national language and worked tirelessly to gain back philppine Independence on the reverse is the image of the breathtaking banawi Rice Terraces which have been declared a world heritage site it also features the Palm civits from the cordilleras that produce one of the best coffee varieties in the world the alamid coffee the 50 piso commemorates president Serio osmena who led our country during the critical stage at the end of World War I as well as our transition to an independent nation on the reverse is the tal Lake home of the world's smallest active volcano and the maliputo fish that is unique to the [Music] place the 100 piso pays tribute to president Manuel Rohan who prioritized the crafting of a central bank Charter and provided the leadership for the Reconstruction of our country from the devastation of the second world war also featured are the near-perfect cone-shaped Mayon Volcano and the banding or whale shark the largest living fish species in the world today the 200 piso is a salute to president yado makapal who started Land Reform and restored the celebration of Philippine Independence to June 12 other highlights are the unique icons of Bol The Chocolate Hills and the tarsier the 500 piso celebrates the champions of Philippine democracy Senator Benigno Kino Jr who stood up against martial law and president Corazon Akino our first woman president who restored democracy after the historic and peaceful People Power Revolution the reverse features the 8 km Puerto Princessa Subterranean River National Park declared in 1999 as a UNESCO world heritage site and the blue Nate parrot finally the new 1,000 piso honors our war heroes chief justice Jose Abad Santos who was martyred for refusing to cooperate with Japanese forces Girl Scouts of the Philippines founder josea yanes escod educator advocate of women's suffrage and Civic leader who showed extraordinary Courage by helping prisoners of War Brigadier General Vicente P Lim The First Filipino West Point graduate who directed Guerilla activities even from his hospital bed other features are the TU Batar Reef National Marine Park declared by UNESCO as a world heritage site in 1993 and the world famous South Sea Pearl this distinct indigenous weave designs that celebrate the creativity and excellent craftsmanship of Filipinos complete the national symbols feature in our new banknotes every pesel every note is a testament to our hard work that is why we've taken great measures to make sure the money we use is genuine our banknote underscores the need to be current in the use of new technology to enhance our bank note security features and to remain steps ahead of counterfeits at all times we must protect the Integrity of our currency this is the reason why we have developed new designs and upgraded the security features of all our back notes the new generation Philippine bnotes they incorporate the latest available technology in banknote security feel the note it is not smooth but a bit rough to the touch cotton and Philippine abaka gives the bank note paper a certain roughness in addition the raised prints are embossing from the intalio printing process gives the money a distinct tactile [Music] feel observe closely the serial numbers are composed of one or two prefix letters and six to seven digits in asymmetric or increasing size red and blue fibers embedded in the bank note paper glow under ultraviolet light The Watermark shows a shadow image of the portrait and the back notes denomination on the blank space when viewed against the light from either side of the note the word Filipino written in our ancient Bayan alphabet can be seen in its complete form when the bank note is viewed against against the light when the back note is rotated at 45° and tilted downwards we can see the conceal denominational value superimposed on the smaller version of the portrait viewed against the light both the 20 piso and the 50 piso notes have an embedded 2mm wide security thread that can be seen when the bank note is held against the light a 4 mm wide Stitch likee metallic security thread is is in the 100 200 500 and the 1,000 piece of notes viewed from different angles its color changes from red to Green the front of the thread carries in clear text the initials of the bsp together with the not numeric denomination in repeated series likewise the back of the thread is printed with initials bsp also in repeated series The 51,00 th000 piso banknotes now have the optically variable device patch a reflective foil for the 500 piso the ovd patch Bears the image of a small bsp logo and the blue Nate parrot while the 1,000 piso carries a small bsp logo and the south sea Pearl inside a clown the patches change color from red to Green when the note is rotated 90° a security feature exclusive to the 1,000 n note is the optically variable ink for the emboss denominational value on the lower right corner of the face of the note it changes color from green to blue when viewed at different angles all these security features are in our bank notes to make it difficult for counterfeits to copy but easier for our public to identify what is genuine and what is not take some time to get to know the security features of our money our new banknotes a combination of the familiar and the new they celebrate the values we Aspire for our creativity and heroism as a nation and our god-given natural wonders our money the new generation Philippine back notes National symbols that make us proud to be [Music] Filipinos