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Showing posts with the label Peso

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3 Cost Effective Ways to Solve Metro Manila's Traffic Problem

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The Facebook page of ANC 24/7 is asking for its reader's suggestion on how to solve Metro Manila's traffic problem. This got me thinking, "what is the best way to solve Metro Manila's traffic problem?" It's easy to make suggestions, what's hard is the implementation and the cost of implementation. So what is the the best way to solve Metro Manila's traffic problem and the most cost effective solution? Punitive Fines Add caption First of all, any implementation will definitely cost money, a lot of money. The cause of the traffic mess is the people themselves so it's only right that those causing the traffic problem should be fined and the fine should hurt. That way, the fines will pay for the cost of enforcing the law. The fines should start at P500 and goes up every week if you don't pay it within 15 days. To enforce this and prevent people from ignoring the fine. It will be tied to their driver's license or car registr...
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Fake P1,000 Bill

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I just saw this on Facebook. Looks like there's a lot of P1,000 bill circulating. Be on the alert, just in case.
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Why the secrecy in the printing of new currency?

From the Philippine Daily Inquirer . ====================== VERY FEW people are aware of it, but we are going to have a new set of peso bills very, very soon. We may be giving our godchildren the new bills as gifts this Christmas. The present set of paper Philippine currency will be phased out. New coins will be issued later. The question is, why is the Bangko Sentral ng Pilipinas (BSP) doing this secretly and hastily? The nation is totally unaware of what will happen to their money or how the new money will look like. Malacañang, Congress and the Supreme Court did not know anything about it beforehand. The BSP claims that it is an independent entity and can do anything it wants. In other words, it is the fourth branch of government, a co-equal of the executive, legislative and judicial branches. To get a favorable reaction from President Aquino, the images of his parents, Ninoy and President Cory, will be in the P500 note. But no one, except insiders and a privileged few, have seen th...
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