THE latest press release from the Bangko Sentral ng Pilipinas (BSP) about approaching academe and other laboratories and research facilities to find a technology to recycle the polymer currency they are foisting on us is revealing. It admits that despite telling the Senate committee on banking at a hearing on why they went from abaca paper currency to polymer, that they had the technology to recycle the plastic and unsustainable polymer into plastic furniture (showing unconvincing photos of particularly unattractive plastic furniture), they do not have any technology to recycle the polymer currency at all. Calling the attention of Senators Pimentel and Cayetano.

Moreover, on the switch to polymer, the BSP said it was conducting a survey on its acceptability to the public, intimating that this was not a permanent, but an experimental change for which public opinion was solicited. Now it says that it is a done deal, they will switch to polymer.