Based on the BSP's financial statement for 2023 submitted to COA, the central bank's Monetary Board (MB) had approved the award of five contracts for the supply of materials and the actual production of polymer bills in P1,000, P500, P100 and P50 denominations, under the so-called "New Generation Currency Banknotes" project.
The COA incorporated the financial statement in its 2023 annual audit report on the BSP.
The breakdown showed that one contract worth €4.432 million, equivalent to P269.028 million, was awarded to French company Surys, for the supply and delivery of 3,040 rolls of "optically variable device patch" to be used for the production of the P1,000 polymer bills.
Germany-based Papierfabrik Louisenthal GmbH, a leading manufacturer of banknotes and security-protected papers, meanwhile, bagged the biggest contracts totaling P3.718 billion.
Diese Geschichte stammt aus der December 25, 2024-Ausgabe von The Philippine Star.
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Diese Geschichte stammt aus der December 25, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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