Forum Support Mike J Posted June 28, 2022 Forum Support Posted June 28, 2022 The new Philippine 1000 peso note is made of polymer and the Central Bank says "you should not fold it". Not sure if I should laugh or cry. https://ph.yahoo.com/news/sexist-unnecessary-netizens-slam-php1000-113142914.html Coconuts Manila Mon, June 27, 2022, 7:31 PM ICYDK, the Bangko Sentral ng Pilipinas (BSP; Central Bank of the Philippines) released guidelines on handling the new PHP1000 polymer banknotes, which include keeping them flat and not folding them in half — as one inevitably would when storing them in a folding wallet. BSP Governor Felipe Medalla realizes this and has asked the public to carry a longer-sized wallet instead, adding that women would not have a hard time because they carry handbags, a remark that clearly did not sit well with people online. In an interview with One News, Medalla said, “One thing to adjust is to have wallets or purses that prevent it from being totally folded. The wallet must be as long as the bill so that the money wouldn’t need to be folded.” “It’s easier for women because you have handbags,” he added in Filipino. The BSP first announced last year that they were shifting banknote production from paper made of local abaca to polymer, at the expense of the country’s abaca industry, as polymer bills are supposedly stronger and more hygienic, an added consideration amid the pandemic, they said. READ: Catanduanes officials oppose BSP shift to polymer banknotes Yet Medalla warned that the polymer bills, supposedly more secure and durable than abaca bills, could break easily with too much folding. The new guidelines from the BSP have raised concerns among netizens, who argued that handling the new polymer banknotes required more care than the traditional paper bills. 4 1 Link to comment Share on other sites More sharing options...
Forum Support Old55 Posted June 29, 2022 Forum Support Posted June 29, 2022 Can't make this stuff up folks. More fun. 1 Link to comment Share on other sites More sharing options...
BrettGC Posted June 29, 2022 Posted June 29, 2022 Very strange, dozens of countries have been using polymer bank notes for years without having to worry about not folding them... I'm confused.. Oh wait, just remembered where I am! 1 2 Link to comment Share on other sites More sharing options...
hk blues Posted June 29, 2022 Posted June 29, 2022 I'm gonna need a longer wallet and pants with longer pockets! 1 1 Link to comment Share on other sites More sharing options...
OnMyWay Posted June 29, 2022 Posted June 29, 2022 5 hours ago, hk blues said: I'm gonna need a longer wallet and pants with longer pockets! I'm sure one of the oligarchs can fast track production and distribution of the new wallets. 1 2 Link to comment Share on other sites More sharing options...
Forum Support scott h Posted June 29, 2022 Forum Support Posted June 29, 2022 1 Link to comment Share on other sites More sharing options...
baronapart Posted June 29, 2022 Posted June 29, 2022 9 hours ago, hk blues said: I'm gonna need a longer wallet and pants with longer pockets! That's what she said ;-) 1 2 Link to comment Share on other sites More sharing options...
JJReyes Posted June 29, 2022 Posted June 29, 2022 No problem. The Philippines has a sufficient number of fake Louis Vuitton manufacturers to produce new wallets. 2 3 Link to comment Share on other sites More sharing options...
Forum Support Mike J Posted June 29, 2022 Author Forum Support Posted June 29, 2022 One of our forum members wants to know if those new 1000 notes will still stick to their forehead. 2 Link to comment Share on other sites More sharing options...
Forum Support scott h Posted June 29, 2022 Forum Support Posted June 29, 2022 Youse Guys remember the days when forms came out with the "do not fold, spindle, staple or mutilate"? I am sure this will be followed the same way 1 Link to comment Share on other sites More sharing options...
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