MANILA, Philippines—The series of new peso bills, which was vilified after its launch last December for a mislocated map, a wrong-colored beak of a bird, among other errors, has been judged as one of the best currency series in the world in an international design competition.
The set of new peso notes, called the “New Generation Currency (NGC)” series, was one of two finalists for best new currencies in the world in a worldwide contest organized by the International Association of Currency Affairs (IACA).
IACA is an international organization of central banks, currency-issuing authorities, currency producers and suppliers.
The winner of the Best Currency Award was the new series of shilling notes from Uganda. The other finalist for best new currencies was the new series of rupee notes from Sri Lanka.
The Philippines’ paper money series, known as the New Generation Currency (NGC) banknotes, won a finalist award for Best New Banknote Series in a conference in Singapore, the Bangko Sentral ng Pilipinas said on Friday.