What would make a government to rebrand their traditional currencies just to edit some graphic designs with excessive amounts of money bills involved to execute such project that doe not mean to brings more values to the currency neither does it boost the economy level of the nation?
Meanwhile such is been an undeveloped country which the implemented bill for such valueless project is big enough to create infrastructures with the potentials of building the masses with valuable skills and otherwise a national financial revenue.
Do we assume it is still one of the money laundering strategies that the government intentionally creates loopholes in other to steal the public funds? Because even after the implementations and execution of Such projects, the same governments clamours that the nation has run out of funds after giving accounts of those irrelevant executed projects.
In the case of the Philippines, historical revisionism and the fast-dropping value of the currency that they have.
In the Philippines, there is a certain political cabal that the current administration is highly against, given the fact that this cabal was responsible for them getting ousted of power in the past and the current president's father getting kicked out of the Philippines. The son is now doing everything in his power to revise history to make it seem as though his father was the hero all along, even though their family literally embezzled billions of dollars of taxpayer's money, killed dissidents who dared to call them out on their bullshit, and silenced the media to make sure they don't look bad on it. That includes changing the appearances of the bills, with an attempt to change the 500-Peso bill's appearance which initially boasts the very mug of the power couple that kicked them out of their tyrannical seat of power.
Oh, and yeah, the Philippine Peso is quickly losing its value, wherein the exchange rate was around 46 pesos per dollar back in 2016, to a whopping 56.80 pesos now, the hypothesis of many local economist is that the government and the central bank do this to give the people the false sense of value, as newer currency appearances and denominations make it feel like the people aren't really losing anything of the sort.