What do we need to change the looks of our money.

Philippine Money 2010 - This will be the look of our money.
@syoti20 (5295)
Philippines
December 20, 2010 12:57am CST
I just heard about the news about revision on Philippine Money. I am totally disagree with the changes at the moment. We are under construction from our New President Era. And yet they are starting changing the money. Why don't they focus their work on How to Earn more Money and Let all Filipinos get a job better if it will be stable. Rather than changing the looks of our present money. I smell small minded people are organizing this. I am really shame to them. They are not focusing on the present problem but they are focusing on the creating new problems. This is the possible looks of Philippine Money.
4 people like this
16 responses
@dark_joev (3043)
• United States
20 Dec 10
Not that I know much about the Philippine Monetary system but generally changes to money happen to keep people from being able to make counterfeit money as easily. At least that is what the Federal Reserve System does over here in the United States they change our currency to avoid people from being able to make copies of the currency as easily.
1 person likes this
@syoti20 (5295)
• Philippines
20 Dec 10
YOu have a point there my friend.
@rsa101 (13336)
• Philippines
21 Dec 10
Well for me it is just about time they changed the money since there is rampant counterfeits of our current money. I heard that this new bill is much harder to counterfeit and more security features had been added to it. I am not really conscious about the errors about that details of the money but I think those are minor ones.
@syoti20 (5295)
• Philippines
29 Dec 10
Indeed, they have 7 security features on the new bill. However, lots of defects as well.
@rsa101 (13336)
• Philippines
29 Dec 10
Well nobody's perfect anyway.... Which is more important the security features or the design?
@MsTickle (24962)
• Australia
27 Dec 10
I so agree with you syoti. I think the last time we had a major change it was the introduction of the dollar and two dollar coins. The notes were withdrawn. How much money did it cost the tax payer to do this? I don't think it was necessary and I cannot think of a single reason for them to do it. On top of that, they got it wrong. The one dollar coin is larger than the two dollar coin and to this day still causes confusion especially with elderly folk.
@syoti20 (5295)
• Philippines
27 Dec 10
Indeed confusion is leading to all Filipinos. Shameful acts really embarrassed us. I hope they should not release this kind of shameful initiation until it was measured thoroughly.
@gaiza12 (4889)
• Philippines
23 Dec 10
Philippine peso bill - New Philippine peso bills
Yes, i agree, there are more other things to look into and get busy with not just the changing of our money. I like the look but i think it's too early for our new president to change the bills and look of our money.
@syoti20 (5295)
• Philippines
29 Dec 10
Thanks gaiza.
• Philippines
22 Dec 10
maybe its one of their reforms.new administration must be updated also. im with you that we should be given jobs because its all what we need.
@syoti20 (5295)
• Philippines
29 Dec 10
Thanks, and also Be active in mylot friend.
• Philippines
21 Dec 10
I noticed that for every new administration or president, they want to express their identity presenting a new face to our tender/money. If you see something wrong about this move, I suggest that you also look at opportunities presented by this situation. The first batch will surely have some problems. Better get copies of the new money because it can become a good collector's item. Happy mylotting.
@syoti20 (5295)
• Philippines
29 Dec 10
Every people likes to be distinguish by their statement. However, they can make statement not only in changing the face of the bill but improving the lives of evey Filippino.
@GardenGerty (97992)
• United States
21 Dec 10
They are in the process of changing our money one bill at a time as well. I understand that the changes they are making in US bills is to make them harder to counterfeit. The bad thing is that last week or two, they were printing $100 bills and the paper folded and ruined a lot of the money they were printing. It would be nice if all the countries had better jobs available for the citizens.
@syoti20 (5295)
• Philippines
29 Dec 10
I agree..
@CMTS_87 (1342)
• Philippines
21 Dec 10
We need to change the appearance of our money because we need to cope with the changes (Historically Speaking). Every year there are changes that really molds the country and will be a very important part of our history, so by changing/altering the looks of our monetary bills somehow we commemorate these changes that brought us where we are now. And besides, majority of the countries in the world are doing this, so changing the apparance of our money is acceptable - we just need to open our minds to changes. Thank you very much. Happy MyLotting!
@syoti20 (5295)
• Philippines
29 Dec 10
Yes, we need changes. But i hope they should prioritize the changes of our main problem economy. Changing money looks will be the least in making changes.
@ifa225 (11099)
• Indonesia
21 Dec 10
we have some same problems here the government seem to take care the unnecessary one than the important one like making a regulation for something that has settle . i wonder why they do that
@syoti20 (5295)
• Philippines
29 Dec 10
I agree. They are like playing around in the palace.
@rog0322 (2834)
• Cagayan De Oro, Philippines
20 Dec 10
Hi syoti, I don't know how much does it cost to print new currencies but it may be a lot. Maybe I should consider one response from our friend that to prevent counterfeits the government has to print new currencies. It may be one valid reason. Another is that money gets "tired" after passing different hands and different places and the age shows on their torn edges, erased markings, and others are torn in half only held in place by transparent tape or worse, stapled together. Some higher denominations are still almost in their pristine conditions and you may be right after all. They should be finding better ways to make everybody have access to things that people with a lot of money can have.
@syoti20 (5295)
• Philippines
29 Dec 10
Every process or state before they release this new bill will go thru will requires money. From printing, to distribution, and etc.
@visavis (5945)
• Philippines
20 Dec 10
Actually in a week time those new money will envolves in the country as new money tender, but you know this morning I saw the news that there are many mistakes done in the new money tender. Anyhow I think we cannot do anything about that we are like military obey first before complain... So will see what more problems ahead for this new administration... see you around
@syoti20 (5295)
• Philippines
20 Dec 10
Haaay... Lame for their action.
@bjcyrix (6910)
• Philippines
1 Jan 11
I think the government sees it as a way of boosting the Philippine Tourism Industry. I like the new design of our currency. I just dont like the errors that happened in printing it. Going back to the currency design change, the new design could interest the foreigners in visiting the places that are on the back of the bills. More foreign tourists or investments means, more income, more business opportunities and then more jobs for us. You have to understand how the economy works and how the money flow works in this country to be able to appreciate changes. Professional economists have predicted that it will be a good year for business in this country. People are still hoping that things would go good.
@Lakota12 (42684)
• United States
20 Dec 10
I always liked the look of our money green was a very good olor now they have added more color and it looks so fake but it spends. and yes you would think that they would try to make jobs avalable to the people first so then make maney for them to spemd on every day needs
20 Dec 10
I agree fully with you. Suely they should work towards the more important things like helping people get better and stable jobs, and find ways of making more money so that that will help the country. It seems as when someone new takes over they like to stamp down there authority and make many changes, of which many are not needed and will cause more problems in time. I do not see the point of changing the money, you are all used to the money you have now, surely it will cost a lot to change all this also so why create more hard work and more changes that will not benefit anybody? Seems really strange to me.
• Calgary, Alberta
20 Dec 10
We must have this statement to our money: In god we trust, It gives luck to many coutnries that they were first world countries now. The new design reminds me of Australian dollars, the only difference is that Australian dollars have a hole on it but thats how the design look like. inn 20 years Kris Aquino will be in 500 pesos.
• United States
20 Dec 10
It sounds like the Romans used to do it, changing the faces on money, or the design shows power. In the USA we have the most prominent people on our money, the people who want to be on the money just want the power but none of the responsibility that comes with it.