Group resists shift of plastic banknote from abaca
BANKNOTE. The PHP1,000 bill. The Bangko Sentral ng Pilipinas (BSP) will pilot-test starting in the first half of 2022 the use of PHP1,000 polymer notes, a move opposed by the Philippine Fiber Industry Development Authority.(BSP image) BURAUEN, Leyte - The Philippine Fiber Industry Development Authority (PHilFIDA) is opposing plans to shift to polymer plastic from abaca fiber in the production of banknotes starting next year. The move is a setback in the global drive to promote renewable, sustainable, and eco-friendly products, said PhilFIDA executive director Kennedy Costales in an interview W...
Source: philippinetimes.com