The Bangko Sentral ng Pilipinas has said it will save as much as P2.4 billion (US$40 million) from the conversion of paper 1,000 piso banknotes to polymer due to their longer lifespan.

Spectra Systems provides security technologies for use in banknotes, product authentication and gaming using integrated solutions comprised of engineered materials for authentication, and hardware and software systems which verify the unique signatures of the authentication materials.

Threads have developed into a security arsenal all on their own. But to provide a truly effective defence against the counterfeiter, the technical specification and design must be integrated perfectly.

As has been well documented, sensational and alarmist claims in the media at the outset of the pandemic that handling cash transfers COVID has done long term and potentially irreparable damage to public confidence.

There are many functional and secure features available that meet the needs of the various cash cycles, banknote issuing authorities and end users. One such feature is the taggant, which overcomes the challenges of the degradation of visible security features in that it continues to perform even when the note is subject to extensive wear and tear.

More details have emerged about the polymer trial in the Philippines. Delivery of the first batch will be next April. 500 million pieces of 1,000 piso polymer banknotes will be rolled out by the middle of 2022, and the pilot will last for three years.

CCL Secure’s GUARDIAN™ substrate was the catalyst for the development of the market for polymer banknotes over the past three decades, and it remains a key driver for its continuing growth.

Bangko Sentral ng Pilipinas (BSP) has confirmed that it will trial a run of ‘a few hundred million pieces’ of the 1,000 piso on polymer during the first half of 2022.

Next month, Russian secure hologram company producer KRYPTEN will introduce the 100/50 Nobelists house note, featuring a new 3D-GRAM® CONTRUST photopolymer security patch for use on paper and polymer banknotes.

The State Bank of Pakistan (SBP) is the latest central bank planning to issue polymer notes, with a commemorative note to mark the 75th anniversary of independence in 2022, and another to mark the 75th anniversary of the founding of the Bank in 2023.