IBNS hands out 2022 ‘Bank Note of the Year’ Award

The International Bank Note Society (IBNS) has bestowed its 2022 Bank Note of the Year Award on the Philippines Central Bank, a first-time winner.

The IBNS voting membership decided on the 1,000-piso Philippine note, printed by the Reserve Bank of Australia and its wholly-owned subsidiary Note Printing Australia, earlier this spring.

“Polymer represents a dramatic shift from the cotton and abaca material previously used,” reads a statement issued by the IBNS.

The note’s face features two Philippine symbols, the critically endangered Philippine eagle and the holographic Sampaguita, the nation’s national flower. The back mirrors the previous 1000-piso issue, which features the Tubbataha Reefs Natural Park, a UNESCO World Heritage Site, alongside the country map and a South Sea pearl.

“Polymer banknotes continue to be popular IBNS favourites and are now perennial award winners.”

Canada previously won the honour in 2018, with its $10 vertical polymer issue honouring Viola Desmond, and in 2004.

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