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CHARACTERISTICS OF PHILIPPINE CURRENCY 1. that the monetary board shall prescribe the denominations, dimensions, designs, inscriptions of notes issued by the BSP with the approval of the president of the Republic of the Philippines;

2. that all notes issued shall state that they are liabilities of the BSP and are fully guaranteed by the government of the republic of the philippines;

3. that said notes shall bear the facsimile signature of the president of the Republic of the Philippines and the governor of the BSP;

4. that the MB shall prescribe the weight, fineness, design, denominations and other characteristics of the coin issued by the BSP;

5. that the MB shall take into account the availability of suitable metals and their relative prices and cost of minting.

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Q: What are the characteristics of Philippine currency?
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