Philippines to print new notes locally in early 2012

According to an article in the Manila Bulletin dated 11 January 2012, the Security Printing Complex (SPC) division of Bangko Sentral ng Pilipinas (BSP) will begin locally printing the New Generation Currency (NGC) family of banknotes in Q1 2012, revising previous plans of printing the new bills starting in December 2011.

The BSP will start printing the 20- and 50-peso notes in the coming three months, followed by the 100-peso note later in 2012. To date, all NGC denominations have been produced by French security printer Oberthur Technologies, while SPC will continue to produce the old banknote series until next year because they still have stocks of paper and ink.