The Central Bank of the Philippines has been named Currency Manager of the Year by Central Banking, recognising its efforts to maintain a sufficient supply of trusted banknotes to support the country’s growing economy. The award highlighted the rollout and expansion of the bank’s polymer banknote series alongside new operational partnerships aimed at strengthening currency management and production. Central Banking cited the introduction of polymer notes, beginning with the PHP 1,000 denomination in 2022 and followed by the PHP 500, PHP 100 and PHP 50 denominations in December 2024, with polymer notes set to co-circulate with paper banknotes. It also pointed to agreements with Banque de France and Germany’s state-owned banknote producer Bundesdruckerei, signed in November and October 2024 respectively, covering payments and currency management, security, and production, as well as ongoing collaboration with Note Printing Australia for the production of the Philippines’ first polymer banknotes. The award was announced on 20 March 2025 and presented in London on 11 June 2025, with Assistant Governor Mary Anne Lim receiving it on behalf of the central bank and Governor Eli M. Remolona, Jr. providing remarks via a recorded message on Central Banking’s website.
Central Bank of the Philippines 2025-06-25
Central Bank of the Philippines receives Central Banking’s Currency Manager of the Year award for polymer banknote programme and international production partnerships
The Central Bank of the Philippines was named Currency Manager of the Year by Central Banking for its efforts in maintaining a reliable banknote supply and expanding its polymer banknote series. The award recognized the introduction of polymer notes, starting with the PHP 1,000 denomination in 2022, and subsequent agreements with Banque de France and Bundesdruckerei for currency management and production.