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Maligned PHL banknotes earn currency honors in Singapore
The Philippinesâ paper money series, known as the New Generation Currency (NGC) banknotes, won a finalist award for Best New Banknote Series in a conference in Singapore, the Bangko Sentral ng Pilipinas said on Friday. Monetary Board member Armando L. Suratos and Deputy Gov. Juan de Zuñiga received the award from the International Association of Currency Affairs (IACA). The NGC series and the BSP were sharply criticized when the banknotes were unveiled. Critics opined that the new paper bills had errors. The IACAâs Best Banknote Series award was for the Ugandan Shilling while the Sri Lankan Rupee was runner-up.
Courtesy of Bangko Sentral ng Pilipinas
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