Philippines new 500-peso commemorative note confirmed

According to a press release dated 4 May 2012, Bangko Sentral ng Pilipinas has issued a new 500-peso (US$12) note of the old style (P196) "with an overprint of the logo of the 45th Annual Meeting of the Asian Development Bank to express solidarity with the ADB’s goal to free Asia and the Pacific from poverty. By ADB’s estimate, about 1.8 billion people in the region are poor and unable to access essential goods, services, and opportunities. The overprint is on the 500-piso banknote that features the late Senator Benigno Aquino, Jr. who said: “The Filipino is worth dying for.” A total of 10 million pieces of these 500-peso banknotes were printed by the Bangko Sentral ng Pilipinas to make it available to the general public through banks across the country."

Courtesy of Christopher Vaughn Inot and Thomas Augustsson.