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Do not iron, do not staple: BSP releases guidelines on handling polymer banknotes

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ABS-CBN News

<p>MANILA - The Bangko Sentral ng Pilipinas on Tuesday released guidelines on the proper handling of polymer banknotes.</p><p>The new &quot;smarter and stronger&quot; polymer or plastic banknotes are more hygienic and could last longer compared to paper bills, the central bank earlier said. </p><p>Millions of P1,000 polymer bills have been in <a href="https://news.abs-cbn.com/business/04/26/22/bsp-releases-first-10-m-pieces-of-p1000-plastic-bill" target="_blank">circulation</a> since April. </p><div><strong>TIPS ON PROPER HANDLING: </strong></div><ul>	<li>Keep them flat<br/>	Choose wallets where bills can fit properly</li>	<li>Do not fold excessively.<br/>	Crumpled or creased banknotes could leave permanent fold marks</li>	<li>Do not hoard bills.<br/>	Use banknotes as payment for goods and services. Do not hoard or buy and sell them at the higher price</li>	<li>Keep them clean.<br/>	Soiled banknotes may be wiped clean with a damp cloth. The surface may be cleaned with alcohol-based sanitizers </li>	<li>Do not deface, write on or mark the banknotes.<br/>	Philippine laws impose penalties on defacing currencies</li>	<li>Do not tear, cut or poke holes in the bills</li>	<li>Do not staple or use rubber bands on polymer banknotes<br/>	If there&#x27;s a need to keep them together, a paper band can be used instead</li>	<li>Do not damage the clear windows and metallic features of the polymer bills</li>	<li>Do not expose polymer banknotes to high temperature or near an open flame</li>	<li>Do not iron them</li>	<li>Do not expose the banknotes to strong toxic chemicals such as bleach or muriatic acid</li></ul><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Got a 1000-Piso polymer banknote? Here’s how you can keep it CLEANER and STRONGER. <a href="https://twitter.com/hashtag/BSP?src=hash&amp;ref_src=twsrc%5Etfw">#BSP</a> <a href="https://twitter.com/hashtag/PisoWithBenefits?src=hash&amp;ref_src=twsrc%5Etfw">#PisoWithBenefits</a> <a href="https://twitter.com/hashtag/SmarterCleanerStronger?src=hash&amp;ref_src=twsrc%5Etfw">#SmarterCleanerStronger</a> <a href="https://t.co/bTINlVML9i">pic.twitter.com/bTINlVML9i</a></p>— Bangko Sentral (@BangkoSentral) <a href="https://twitter.com/BangkoSentral/status/1536513755944734722?ref_src=twsrc%5Etfw">June 14, 2022</a></blockquote><div><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8" type="text/javascript"></script></div><p>Although more expensive to print, polymer banknote is common standard in other countries and is being used in Australia, the United Kingdom and Canada.</p><p>Since it&#x27;s more durable, it will be more cost-effective, the BSP said. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/11/21/look-bsp-unveils-design-of-p1000-polymer-bill">Bangko Sentral unveils design of new plastic P1,000 bill</a></li>	<li><a href="https://news.abs-cbn.com/video/business/04/28/22/bsp-to-circulate-500-million-pieces-of-plastic-p1000">Bangko Sentral to circulate 500 million pieces of new polymer P1,000 banknote</a></li>	<li><a href="https://news.abs-cbn.com/business/04/06/22/bsp-launches-p1000-plastic-bill-with-philippine-eagle">LOOK: BSP launches new P1,000 &#x27;plastic&#x27; banknote featuring Philippine eagle</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2015906" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

The Bangko Sentral ng Pilipinas on Tuesday released guidelines on the proper handling of polymer banknotes.