Substandard New Philippine Peso Paper Bills?

Substandard Peso Paper bills

Why is our new peso currency looks good but cheap?

The new paper bills has arrived even after some historical mistake fiasco. Its new and the colors and designs are great.

shot taken using LG android phone

Being a treasurer of a newly founded struggling corporation, I am able to hold lots of coins and paper bills, I even collect the new crispy ones in different amount for luck purposes because you always have a money in your wallet, even though I don't use a wallet, and in case of Emergency you would still have it for reserve.

Now going back to the New Peso Paper Bills, It seems they are easily dilapidated, faded, damaged and some even decomposing than its predecessor, especially the P20 pesos bill, Why the P20? because that is the most used and circulated paper bill and the masses and children has access to it as compared to larger bill like P100, 500 and 1000. I've seen worst conditions of the old versions of the P20 bill before but not like the new ones supposedly new, they are like soggy overcooked spaghetti pasta. Good thing is I regularly go to the bank to deposit daily gross income so I can keep the crispy ones and throw the dilapidated and soggy ones to the bank and hopefully they will put a stop on its tracks since they will replace it with a new one for circulation.

Well I don't blame the Bangko Sentral, since the value of the Peso depreciates in time due to Inflation so the Paper bill or coins reflect that physical value. Remember how big a 1 Peso is back during the days? now every version it gets smaller and smaller, probably the same with the Paper Bill, maybe next time a plastic bill is better or maybe we rarely be using paper bills, we would be using this Near Field Communications(NFC) technology on Smartphones where you can pay something like in cashiers just by placing it near it called contact-less payment system.

shot taken using LG android phone

This is what a wallet would look like!

It's still far fetched? well if you are a Business man, you should be open to this kind of things and be there before the show happens if you want to make it big. Android phones is getting cheaper and cheaper nowadays even though the cheap ones still don't have NFC technology but one day it would be a norm like a WiFi.

Juan Tamad Sayings:

So where's the Passive Income you say? What am I doing being a treasurer if I'm planning to be a passive income earner? Well being a treasurer for me is just a hobby (and its a family business so you get the idea why), you stack the coins and count 1 2 3 and you don't get tired of it... well.. at least for now.. the job is easy for me, just work 1 hour a day and its done, though there is no compensation for what I do but I know the fruits will start to bear later on. And when the day comes I get tired of it, the corporation has its own life, and its own treasurer so I could just sleep in the hammock and wait for the fruit drop on my mouth, you see, almost all Passive Income, you have to work for it from the beginning. Passive income earner don't rely on one source of passive income because its going to be inadequate and risky and having more free time you can find other more passive income revenue, unlike if you are stuck in the office spending all your hours and days working on a regular job then resting on weekends then you are stuck in there... until your retirement party comes so sooner than you realize how time has passed by like my Aunt always used to say. I'm not saying you leave your job, I'm saying passive income is your partner along with your active income job, because once you retire, your passive income will be the one working for you, so fix yours while you are still young.