Tag: Philippines

For decades, Filipino banknotes have featured three World War II heroes. A new series celebrates the country’s flora and fauna – and arouses fierce opposition. The case shows: money is certainly more than just a means of payment.

The police found 50 million 1 peso coins in a warehouse in the Philippines, which have suffered from a shortage of small change for years. The central bank is calling for coin hoarding to be criminalised – but parliament passed such a bill in 2014. How come?