The People Who Grew “Money” Have No Money At All

Have you ever wondered what your Philippine banknote or perang papel is made of?

The truth is that it’s not just paper. It’s not just ordinary sinulid or some gold dusts. Our local banknotes are mostly made of cotton and 20% abaca.

In case you don’t know what abaca is, take a look at the photo below of abaca trees and abaca fiber being dried.  Continue reading The People Who Grew “Money” Have No Money At All