BSP, German banknote printer to develop counterfeit-proof peso bills

The Bangko Sentral ng Pilipinas (BSP) and Bundesdruckerei GmbH, a German federal technology company, agreed to collaborate on currency management and production in the Philippines, as the regulator aims to keep local banknotes counterfeit-proof even as the country is shifting to digital payments. Under the memorandum of understanding (MoU) it signed with the BSP last
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