AFP - Monday, December 20
MANILA, Dec 20, 2010 (AFP) – The Philippines
on Monday defended its new peso notes, mocked by critics for
featuring error-strewn maps of the country and apparently
inventing a new species of parrot.
The central bank started shipping the bills
to banks last Friday and they should be publicly available
by Christmas, deputy governor Diwa Gunigundo said.
He defended the artistic rendition of Philippine
maps appearing on the 20-, 50-, 100-, 200-, 500-, and 1,000-peso
notes (45 US cents-22.59 dollars), which excluded the Batanes
islands near Taiwan and misplaced some of the country's top
"If we want to make the Philippine map
that specific and accurate we would have had to draw all 7,000
islands," Gunigundo said in an interview on DZBB radio.
"What we wanted to do was abstract the
general location of all these important parts of the Philippines,"
Map makers, including one of the experts
drafted to delineate the boundaries of the Tubbataha Reefs
natural park in 1994, have pointed out that the spectacular
coral formation was misplaced by hundreds of kilometres (miles).
Gunigundo also defended the rendering of
a rare native bird, the blue-naped parrot, on the 500-peso
bill, saying it was patterned after the yellow colour scheme
of the denomination.
The Wild Bird Club of the Philippines, a
birdwatchers' organisation, has insisted the yellow-beaked
parrot on the note does not exist anywhere in the country,
since in real life the blue-naped parrot has a red beak.
"It took us three years to research
(the design)," Gunigundo said, brushing off allegations
of slipshod preparation.
The head of the government's National Historical
Institute was an adviser to the bank's numismatic committee,
"Our local artists who designed our
six denominations also did research and they consulted many
of our experts in the Philippines."
More important than the design are the new
bills' security features to make their duplication by counterfeiters
much more difficult, Gunigundo said.
It is not the first time the central bank
has been left red-faced over currency design. It was forced
in 2005 to withdraw bills that misspelled the name of Gloria
Arroyo, the predecessor of current President Benigno Aquino,
whose signature appears on the new legal tender.
The 2005 bill, which called her Gloria Arrovo,
became a much sought-after collectors' item.