The Philippines Today, Yesterday, and Tomorrow
The First Philippine Polymer Banknote Series will be coming soon. Here is a list of answers to frequently asked questions. Will the paper banknotes be demonetized?No. The new polymer banknotes shall be circulated alongside the existing paper banknotes. Paper banknotes shall remain legal tender. Why is the BSP featuring wildlife designs in the new polymer … Read more
Vidal’s lanutan is a large endemic flower in the Philippines and is in the same family as the gumamela. Find out soon which denomination of the First Philippine Polymer (FPP) Banknote Series will feature Vidal’s lanutan. The FPP Banknote Series will circulate alongside the existing paper banknotes starting Q1 2025. Source: @bangkosentral
Landbank Bacacay The Landbank of the Philippines inaugurated the first-ever commercial bank in Bacacay, Albay last March 27 in keeping with its mission to promote financial inclusion in the country. The branch-lite unit would primarily serve the 56 barangays in the town as well as the nearby municipalities of Malilipot and Sto. Domingo. In addition … Read more
The Development Bank of the Philippines Net Income Increased The Development Bank of the Philippines (DBP)’s full-year net income increased by 50% in 2022, reaching PHP 5.61 billion, up from PHP 3.74 billion in 2021. The rise in the DBP’s net income is attributed to an increase in lending activities as a result of the … Read more
The Bangko Sentral ng Pilipinas (BSP) informs the public that it has not released a 150-Piso denomination banknote featuring Dr. Jose Rizal. Images of the said banknote circulating on social media are fictitious. The public is advised to always check the legitimacy of information found on social media and other channels regarding Philippine banknotes and … Read more