Newly circulating banknotes introduced worldwide in 2022 have been assembled and their designs judged by the International Bank Note Society (IBNS), who have named the Philippinesโ€™ 1,000-peso note the most impressive.

The IBNS Banknote of the Year Award recognises exceptional design work in the cash world, with requirements including a note be new in the year of judging, issued to the public and in general circulation, and display significant artistic merit or innovative security features. Winners are selected based on criteria such as their art and design, use of colour, contrast, balance, and cutting-edge security implementation.