KNOW YOUR MONEY

            The Bangko Sentral ng Pilipinas in coordination with the La Union Bankers Association conducted a “Know Your Money Briefing” last August 9, 2018 at the 3rd floor of Bangko Sentral ng Pilipinas La Union Regional Office, San Fernando City, La Union. The briefing was attended by Rang-ay Bank Training Team Officer Alexander Ferrer and Main Branch Teller Shienna Mae Quisto. The briefing was conducted by Ms. Therese Ethel Reade Jularbal of the Economic and Financial Center who then discussed the different designs, characteristics and distinct security features of the New Generation Currency Series (Banknotes and Coins) as well as the provisions of Clean Note and Coin Policy.

            In order to be familiar with the New Generation Banknotes, the speaker emphasized to practice the “Feel. Look. Tilt.” Feel the paper,examine the watermark, inspect the security fiber, view the windowed and embedded security thread, check the concealed value, check the optically variable ink, check the serial number and recognize the portrait and color. The New Generation Coins features the endemic flora and fauna of the Philippines: the Kapa-kapa for 10-piso, the Tayabak for 5-piso, the Waling-waling for 1-piso, the Katmon for 25-sentimo, the Kapal-kapal Baging for 5-sentimo and the Mangkono for 1-sentimo.