Philippines

Philippines to demonetize old peso notes in 2015

According to a Philippines Information Agency report dated 14 April 2014, the Bangko Sentral ng Pilipinas has announced that the old series of peso notes will be demonetized in 2015, although an exact date has not yet been determined.

Philippines new date (2014) 100-peso note confirmed

100 pesos, 2014. Like P208, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Leo Belmonte (LeoBelmonte3).

Philippines new 100-peso Iglesia ni Cristo commemorative confirmed

Philippines_BSP_100_pesos_2013.00.00_PNL_KK_992984_f
100 pesos, 2013. Like P194, but with blue IGLESIA NI CRISTO CENTENNIAL 1914 2014 overprint.

This note commemorates the 100th anniversary of the Church of Christ.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Claudio Marana and Leo Belmonte III.

Philippines new 100-peso Shell commemorative confirmed

Philippines_BSP_100_pesos_2013.00.00_PNL_*_1517588_f
100 pesos, 2013. Like P194, but with black Shell 100 TAON 1914 • 2014 overprint.

This note commemorates Shell's 100th anniversary in the Philippines.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Claudio Marana and Leo Belmonte III.

Philippines new date (2013) 1,000-peso note confirmed

1,000 pesos, 2013. Like P211, but new date.

Courtesy of Andy Siegman.

Philippines new 100-peso National Year of Rice commemorative note confirmed

Philippines_BSP_100_pesos_2013.00.00_PNL_*_1391197_LOGO
100 pesos, 2013. Like P194, but with black NATIONAL YEAR OF RICE overprint.

Courtesy of Andrew Quirke.

Philippines new 100-peso BSP commemorative note confirmed

Philippines_BSP_100_pesos_2013.00.00_PNL_JR_999901_ovpt
100 pesos, 2013. Like P194, but new date and blue 20 1993-2013 WASTONG PANANALAPI TUNGO SA KAUNLARAN overprint.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of SC Tan (http://stores.ebay.com/goodluck4u888).

Philippines new 50-peso TUA commemorative note confirmed

Philippines_BSP_50_pesos_2013.00.00_PNL_LJ_269808_overprint
50 pesos, 2013. Like P193, but with black TRINITY UNIVERSITY OF ASIA 50 Years 1963-2013 TUA @ 50: ACHIEVING OUR GOLDEN DREAMS overprint.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of SC Tan.

Philippines new date (2013) 100- and 500-peso notes confirmed

100 pesos, 2013. Like P208, but new date.

500 pesos, 2013. Like P210, but new date.

Courtesy of Bill Stubkjaer.

Philippines new 50-peso PDIC commemorative note confirmed

Philippines_BSP_50_pesos_2013.00.00_PNL_JY_496150_fPhilippines_BSP_50_pesos_2013.00.00_PNL_JY_496150_ovpt
According to a press release, on 20 June 2013, Bangko Sentral ng Pilipinas (BSP) issued a new 50-peso note to commemorate the golden anniversary of state deposit insurer Philippine Deposit Insurance Corporation (PDIC) and its customer philosophy, “Committed to Serve”.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Claudio Marana and Hartmut Fraunhoffer (http://www.banknoten.de).

Philippines new date (2013) 100-peso note confirmed

100 pesos, 2013. Like P194, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of SC Tan (http://stores.ebay.com/goodluck4u888).

Philippines new 50-peso St. Pedro Calungsod commemorative confirmed

Philippines_BSP_50_pesos_2013.00.00_PNL_9569754_f
50 pesos, 2013. Like P193, but new date, new signature, and red overprint: 1672 st. pedro calungsod canonization 2012 LIFE THAT IS OFFERED FAITH THAT IS PROCLAIMED.

Courtesy of Claudio Marana.

Philippines new date (2012) 1,000-peso note confirmed

1,000 pesos (US$24), 2012. Like P211, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of
Goodluck4u888.

Philippines new date (2013) 20-peso note confirmed

20 pesos (US$0.50), 2013. Like P206, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of
Goodluck4u888.

Philippines new 100-peso commemorative note confirmed

Philippines_BSP_100_pesos_2012.00.00_PNL_D_976071_fPhilippines_BSP_100_pesos_2012.00.00_PNL_D_976071_r
100 pesos (US$2.45), 2012. Like P194, but green Manila Hotel 100 overprint.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of
Goodluck4u888.

Philippines new date (2013) 500-peso note confirmed

500 pesos, 2013. Like P196, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of S C Tan (http://stores.ebay.com/goodluck4u888).

Philippines new date (2013) 500-peso note confirmed

500 pesos, 2013. Like P196, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of goodluck4u888.

Philippines new date (2013) 50-peso note confirmed

50 pesos, 2013. Like P193, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of S C Tan (http://stores.ebay.com/goodluck4u888).

Philippines new 50-peso San Pedro Calungsod commemorative reported

According to an article in the Sun Star dated 2 February 2013, the Catholic Bishops Conference of the Philippines has approved the proposal to allow the Bangko Sentral ng Pilipinas to issue on 2 April 2013 a 50-peso note commemorating the canonization of San Pedro Calungsod by Pope Benedict XVI on 21 October 2012 in Rome, Italy.

Courtesy of Thomas Krause.

Philippines new commemorative note confirmed

Philippines_BSP_100_P_2011.00.00_PNL_JA_284821_fPhilippines_BSP_100_P_2011.00.00_PNL_JA_284821_r
100 pesos (US$2.45), 2011. Like P194, but green De La Salle 1991 - 2011 overprint. Intro: December 2012.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Sing Chai Tan and Justin Siy.

Philippines new date (2012) 50-peso note confirmed

50 pesos (US$1.20), 2012. Like P207, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Peter Mosselberger and Goodluck4u888.

Philippines new 100-peso Masonic numismatic product and commemorative confirmed

Philippines_BSP_100_P_2012.00.00_PNL_XG_109522_singlePhilippines_BSP_100_P_2012.00.00_PNL_XG_109522_logo
100 pesos (US$2.40), 2012. Like P194, but with Masonic overprint. This note was originally available only in sheets of four uncut notes packaged in a folder. Since then, the BSP has begun issuing individual notes into circulation.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of goodluck4u888.

Philippines new 2,000-peso numismatic product confirmed

In 2000, five million 2,000-piso banknotes were printed featuing features the inauguration of President Joseph “Erap” Estrada at Barasoain Church in Bulacan on 10 June 1998. These notes were intended to be issued as legal tender in 2001, but President Estrada was ousted from office that year, so the notes were stored in the vaults of Bangko Sentral ng Pilipinas. As of 2010, the bank was considering destroying the bulk of these unissued notes (known as “New Millennium” or “Erap” notes), saving only 50,000 pieces which would be demonetized for “historical, educational, numismatic and other purposes.” It wasn’t until 2012 that the bank began selling this numismatic product in a folder that clearly stipulates that the notes are not legal tender.

Philippines_BSP_2000_P_2001.00.00_PNL_A_029929_fPhilippines_BSP_2000_P_2001.00.00_PNL_A_029929_r
2,000 pesos
Blue, violet, green, yellow, orange, and red. Front: Malolos Constitution scroll; Barasoain Roman Catholic church in Malolos City, Bulacan; Joseph “Erap” Estrada taking oath of presidency on 30 June 1998; bank seal. Back: Fidel “Eddie” Valdez Ramos waving flag to celebrate centennial of independence on 12 June 1998 at Aguinaldo Shrine in Kawit, Cavite. Windowed security thread with demetalized 2000. Watermark: Estrada and Ramos. Printer: Unknown. 160 x 66 mm.
a. 2001. Signature Joseph “Erap” Estrada and Rafael B. Buenaventura. Intro: 2012.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of goodluck4u888.

Philippines new date (2012) 50-peso note confirmed

Philippines_BSP_50_P_2012.00.00_P193_XA_555555_sig
50 pesos (US$1.20), 2012. Like P193, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Peter Mosselberger and goodluck4u888.

Philippines new 50-peso ASEAN commemorative note confirmed

Philippines_BSP_50_P_2012.00.00_PNL_WK_020020_f
Philippines_BSP_50_P_2012.00.00_PNL_WK_020020_r
Philippines_BSP_50_P_2012.00.00_PNL_WK_020020_logo

ASEAN_Day_Post_Event_4
Foreign Affairs Secretary Secretary Albert F. del Rosario with fomer President Fidel V. Ramos and Indonesian Ambassador Yohanes Kristiarto Soeryo Legowo holding a souvenir copy of the special edition 50-peso Philippine banknote bearning the ASEAN logo.

According to a press release dated 8 August 2012, the Bangko Sentral ng Pilipinas introduced a new 50-peso (US$1.20) banknote bearing the Association of Southeast Asian Nations (ASEAN) logo during the 45th ASEAN Day celebration at the Department of Foreign Affairs (DFA) Main Building in Pasay City on 10 August.

Souvenir copies of the special edition currency were distributed by Secretary del Rosario to the nine Ambassadors of ASEAN, namely: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand and Viet Nam during the ASEAN Day celebration.

10 million pieces of the legal tender commemorative notes will be issued into circulation.

Courtesy of Pinoy Numnet and TDS.

Philippines new date (2012) 20-peso note confirmed

20 pesos (US$0.50), 2012. Like P206, but new date.

Courtesy of Andy Siegman.

Philippines new date (2011) 500-peso note confirmed

Philippines_BSP_500_P_2011.00.00_P196_DS_922297_sig
500 pesos (US$12), 2011. Like P196, but new date. Signatures Benigno Simeon Cojuangco Aquino III and Amando M. Tetangco, Jr..

Courtesy of Bill Stubkjaer.

Philippines new 500-peso commemorative note confirmed

Philippines_BSP_500_P_2012.00.00_PNL_LJ_049488_f
Philippines_BSP_500_P_2012.00.00_PNL_LJ_049488_r
Philippines_BSP_500_P_2012.00.00_PNL_LJ_049488_ovptsm
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.

Philippines new date (2012) 100-peso note confirmed

100 pesos (US$2.35), 2012. Like P194, but new date.

Courtesy of Andy Siegman.

Philippines to print new notes locally in early 2012

According to an article in the Manila Bulletin dated 11 January 2012, the Security Printing Complex (SPC) division of Bangko Sentral ng Pilipinas (BSP) will begin locally printing the New Generation Currency (NGC) family of banknotes in Q1 2012, revising previous plans of printing the new bills starting in December 2011.

The BSP will start printing the 20- and 50-peso notes in the coming three months, followed by the 100-peso note later in 2012. To date, all NGC denominations have been produced by French security printer Oberthur Technologies, while SPC will continue to produce the old banknote series until next year because they still have stocks of paper and ink.

Philippines new sig/date (2011) 50-peso note confirmed


50 pesos (US$1.15), 2011. Like P193, but new date and signatures (Benigno Simeon Cojuangco Aquino III and Amando M. Tetangco, Jr.).

Courtesy of Andy Siegman.

Philippines new sig/date (2011) 100-peso note confirmed


100 pesos (US$2.30), 2011. Like P194, but new date and signatures. Lowest known prefix is AF.

Courtesy of Andy Siegman.

Philippines new 100-peso Ateneo Law School commemorative confirmed


100 pesos (US$2.35), 2011. Like P194, but with blue 75 YEARS ATENEO LAW SCHOOL AD MAJOREM DEI GLORIAM overprint on watermark area. This note was issued to commemorate the 75th anniversary of the school.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below. Be sure to say you saw it mentioned on Banknotenews.com.

Courtesy of Claudio Marana, Kirsty Lopez and Alexander Jacinto.

Philippines reveals details about note production

According to a press release issued by the Philippine Information Agency dated 20 July 2011, the new banknotes introduced by Bangko Sentral ng Pilipinas (BSP) on 16 December 2010 were printed by an undisclosed French firm (most likely Oberthur Technologies), but that upgrades to the Security Plant Complex in Quezon City were under way so that the notes could be printed locally.

Curiously, the press release indicates that BSP is apparently continuing to produce notes of the old design even after it has introduced the new designs. Perhaps this is because the need for currency in the Philippines is so great that the BSP can’t meet demand with only the new notes from France, or that it feels compelled to keep the local printers in business.

The press release indicates that the old designs will be phased out by 2012, and that they will be demonetized in 2013.

Philippines new 100-peso commemorative confirmed


100 pesos (US$2.30), 2011.
Purple and blue. Front: Black UNIVERSITY OF THE PHILIPPINES COLLEGE OF LAW 1911-2011 overprint; Manuel Acuña Roxas; bank seal; Roxas lowering United States flag and raising Philippines flag on 4 July 1946 in Manila’s Independence Grandstand. Back: Old Central Bank of the Philippines building; new Central Bank of the Philippines headquarters building in Manila. Windowed security thread with demetalized 100 and solid security thread. Watermark: Manuel Roxas. Printer: Unknown. 160 x 66 mm.

Courtesy of Andy Siegman.

Philippines new sig/date (2011) 20-peso note confirmed


20 pesos (US$0.45), 2011. Like P182, but new date and new signatures.

Courtesy of Andy Siegman.

Philippines new date (2011) 1,000-peso note confirmed


1,000 pesos (US$23.20), 2011. Like P197, but new date and new signatures.

Courtesy of Andy Siegman.

Philippines reordering new 500- and 1,000-peso notes

According to a Manila Bulletin article dated 23 March 2011, Bangko Sentral ng Pilipinas (BSP) is reordering new 500-peso (US$11.50) and 1,000-peso (US$23) notes from Oberthur Technologies. The first order was for 20-peso, 50-peso, 100-peso, and 200-peso notes, of which only a small number have been issued since their introduction in December 2010. There’s no word yet on whether Oberthur intends to correct the errors which are present on the new design.

Philippines new 200-peso commemorative for University of Santo Tomas confirmed

Bangko Sentral ng Pilipinas issued this commemorative 200-peso note, as well as and gold and silver medals, to celebrate the University of Santo Tomas’s 400th anniversary. The central bank issued 10 million legal tender notes and 400 commemorative medals with no monetary value. The commemorative notes feature the Quadricentennial logo (tongues of fire forming the letters U, S and T emanating from the Main Building) overprinted on the watermark area on the front of the “old” style 200-peso note (Pick 195). The central bank also sold 400 numismatic products consisting of an uncut sheet of two 200-peso commemorative notes.


200 pesos (US$4.60), 2011.
Green, violet, and pink. Front: Red UST 1611 2011 UNENDING GRACE overprint; Diosdado Pangan Macapagal; bank seal; Aguinaldo Shrine in Kawit, Cavite. Back: Gloria Macapagal-Arroyo with hand on bible held by Cecilia Paz Razon Abad, while being sworn in as president by Chief Justice Hilario Davide Jr. in January 2001; large crowd with flag and EDSA II (Second People Power Revolution) banner. Windowed security thread with demetalized 200 and solid security thread. Watermark: Diosdado Macapagal. Printer: Unknown. 160 x 66 mm. 2011. Signature 19 (Benigno Simeon Cojuangco Aquino III and Amando M. Tetangco, Jr.)

Courtesy of Lexter Ibasco and Andy Siegman.

Philippine note designer explains "errors"

Here’s an interesting article in the 1 January 2011 issue of the Philippine Daily Inquirer by Daxim Lucas entitled “The peso’s makeover from an insider’s view.”

Philippines new note family has errors

According to a number of sources, the new notes introduced by the Philippines on 16 December 2010 are rife with errors. The back of the 500-peso note features a rare native bird, the blue-naped parrot, with its red beak incorrectly rendered in yellow and the tail feathers underneath colored green instead of yellow. Also, the maps on the back of various notes supposedly misidentify the location of certain geographic features.

Central bank spokeswoman Fe de la Cruz acknowledged the criticism, but said space constraints limited the artist's room for manoeuvre. "In choosing the design..., we are always guided by our commitment to enrich the appreciation and knowledge of the Filipinos we honor on our banknotes, as well as the unique sites and species our country should be proud of," she said. "For our banknotes we used an artist's rendition of the Philippine map that by virtue of space and aesthetics does not reflect all of our islands and the precise coordinates of each site. Nevetheless, we appreciate constructive comments and we will take these into account moving forward."

Philippines new note family confirmed


20 pesos
Orange. Front: Filipino as the National Language 1935; Manuel Luis Quezón; seal of Philippine president; bank seal; Malacañang Palace (presidential residence) and Pasig River in San Miguel, Manila. Back: Map; palm civet (Paradoxurus Hermaphroditus Philippinensis); Banaue rice terraces (UNESCO World Heritage Site); Cordilleras weave design. Solid security thread. Watermark: Manuel Luis Quezón and electrotype 20. Printer: Unknown. 160 x 66 mm. 2010. Signature 19. Intro: 16.12.2010.


50 pesos
Red. Front: First National Assembly in 1907; Sergio Osmeña; US General Douglas McArthur during Leyte Landing in 1944; seal of Philippine president; bank seal. Back: Map; maliputo fish (Caranx ignobilis); Taal Lake; Batangas embroidery design. Solid security thread. Watermark: Sergio Osmeña and electrotype 50. Printer: Unknown. 160 x 66 mm. 2010. Signature 19. Intro: 16.12.2010.


100 pesos
Purple. Front: Central Bank of the Philippines headquarters building in Manila; Manuel Acuña Roxas; inauguration of the Third Republic on 4 July 1946; seal of Philippine president; bank seal. Back: Map; whale shark; Mayon Volcano in Legazpi City, Albay; Bicol textile design. Red-to-green windowed security thread with demetalized BSP100. Watermark: Manuel Roxas and electrotype 100. Printer: Unknown. 160 x 66 mm. 2010. Signature 19. Intro: 16.12.2010.


200 pesos
Green. Front: Aguinaldo Shrine in Kawit, Cavite; Diosdado Pangan Macapagal; Barasoain Roman Catholic church in Malolos City, Bulacan; seal of Philippine president; bank seal. Back: Map; tarsier; Bohol Chocolate Hills; Visayas design. Red-to-green windowed security thread with demetalized BSP200. Watermark: Diosdado Macapagal and electrotype 200. Printer: Unknown. 160 x 66 mm. 2010. Signature 19. Intro: 16.12.2010.


500 pesos
Yellow. Front: Crowd at EDSA People Power I in February 1986; Corazon C. Aquino; Benigno Simeon “Ninoy” Aquino, Jr.; Benigno Aquino Jr. monument; seal of Philippine president; bank seal. Back: Map; blue-naped parrot; Puerto Princesa Subterranean River National Park; Southern Philippines cloth design. Red-to-green windowed security thread with demetalized BSP500. Watermark: Corazon and Benigno Aquino and electrotype 500. Printer: Unknown. 160 x 66 mm. 2010. Signature 19. Intro: 16.12.2010.


1,000 pesos
Blue. Front: Crowd at independence centenial celebration in 1998; OVI of South Sea pearl in clam shell and BSP logo; José Abad Santos; Josefa Llanes Escoda, and Vicente Lim; Medal of Honor; seal of Philippine president; bank seal. Back: Map; South Sea pearl in clam shell (Pinctada Maxima); turtle; Tubbataha Reefs Natural Park (UNESCO World Heritage Site); Mindanao design for Tinalak (Ikat-dyed abaca). Red-to-green windowed security thread with demetalized BSP1000. Watermark: Santos, Escoda, and Lim and electrotype 1000. Printer: Unknown. 160 x 66 mm. 2010. Signature 19. Intro: 16.12.2010.

Courtesy of Lexter Ibasco, Justin Ordoyo, Thomas Krause, Claudio Marana, Chris Vaughn, and Matthew Parco.

Philippines new date (2010) 20-peso note confirmed


20 pesos (US$0.45), 2010. Like P182, but new date.

Courtesy of Sejin Ahn.

Philippines new Aquino signature varieties confirmed


On 26 November 2010, the Bangko Sentral ng Pilipinas (BSP) started issuing banknotes with the signature of President Benigno S. C. Aquino III, ahead of December’s launch of redesigned note series. The bank stopped producing notes with the signature of former President Gloria Macapagal Arroyo when Aquino assumed office last June 30 and the new printing is aimed at shoring up supply. Given the fact that a new series is coming out in less than a month, notes of the old designs with Aquino’s signature may be relatively rare.

Courtesy of Andy Siegman.

Philippines rumored to outsource new notes to Oberthur

In a Manilla Bulletin article dated 17 October 2010, Bangko Sentral ng Pilipinas is said to be close to awarding the contract to print new notes to Oberthur Technologies of France. However, it has earlier been reported that De La Rue would produce the plates for the new notes (for free, no less!) and print the first batch, which are expected to be issued in December. These reports, which contradict themselves, also contradict previous announcements from BSP that it would cease outsourcing note printing and that it had bought two superline printers to be self-sufficient in the production of its own banknotes. I find it hard to believe that all of the Philippines denominations can be printed, shipped, and distributed by this December if the bank hasn’t yet awarded the contract.

Philippines new sig/date (2010 A) 100-peso note confirmed


100 pesos (US$2.30), 2010 A. Like P194, but new date. The previously-reported note appeared to have signatures in black, but the note was not UNC and apparently its blue signatures had faded.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below. Be sure to say you saw it mentioned here on Banknotenews.com.

Courtesy of banknoteshop@gmx.net and Rodney Hall (Kiwi Coins).

Philippines considers destroying unissued 2,000-piso note


According to an article in mb.com.ph dated 20 September 2010, the Bangko Sentral ng Pilipinas (BSP) is considering circulating or shredding five million 2,000-piso (US$45.50) banknotes currently stored in its vaults. These unissued “New Millennium” notes are more commonly known at the BSP as "Erap" notes because the front features the inauguration of President Joseph "Erap" Estrada at Barasoain Church in Bulacan on 10 June 1998. Printed in 2000, the notes were to circulate in 2001, but President Estrada was ousted from office that year. Even if the bulk of the notes are destroyed, the BSP is considering saving 50,000 pieces which would be demonetized for “historical, educational, numismatic and other purposes.” The BSP currently sells a larger version of this denomination as a centennial commemorative note (P189, shown above).

Philippines central bank unveils new logo


Bangko Sentral ng Pilipinas (BSP) has unveiled a new logo which will be included in the new generation of banknotes by December 2010.

The following description comes from the bank’s web site:

The new BSP logo is a perfect round shape in blue that features three gold stars and a stylized Philippine eagle rendered in white strokes. These main elements are framed on the left side with the text inscription “Bangko Sentral ng Pilipinas” underscored by a gold line drawn in half circle. The right side remains open, signifying freedom, openness, and readiness of the BSP, as represented by the Philippine eagle, to soar and fly toward its goal. Putting all these elements together is a solid blue background to signify stability.

Principal Elements:

1. The Philippine Eagle, our national bird, is the world’s largest eagle and is a symbol of strength, clear vision and freedom, the qualities we aspire for as a central bank.

2. The three stars represent the three pillars of central banking: price stability, stable banking system, and a safe and reliable payments system. It may also be interpreted as a geographical representation of BSP’s equal concern for the impact of its policies and programs on all Filipinos, whether they are in Luzon, Visayas or Mindanao.

Colors
1. The blue background signifies stability.
2. The stars are rendered in gold to symbolize wisdom, wealth, idealism, and high quality.
3. The white color of the eagle and the text for BSP represents purity, neutrality, and mental clarity.

Font or Type Face
Non-serif, bold for “BANGKO SENTRAL NG PILIPINAS” to suggest solidity, strength, and stability. The use of non-serif fonts characterized by clean lines portrays the no-nonsense professional manner of doing business at the BSP.

Shape
Round shape to symbolize the continuing and unending quest to become an excellent monetary authority committed to improve the quality of life of Filipinos. This round shape is also evocative of our coins, the basic units of our currency.

Explanation of A after year on Philippine banknotes

Over the past year, several Philippine banknotes have been issued bearing the letter A after the year. I recently received the following explanation from a source at Bangko Sentral ng Pilipinas:

“The serial number on Philippine banknotes consists of two (2) alpha and six numerics per denomination. The total number of banknotes per denomination that can be printed with SN A0000001 to SN ZZ1000000 is 600 million pieces. When the actual production of banknotes per denomination exceeds 600 million pieces, the suffix A is added after the year mark in order to avoid duplication of the serial number.”

Philippines new date (2008 A) 500-peso note confirmed


500 pesos (US$10.95), 2008 A. Like P196, but new date.

Courtesy of Nazir Rahemtulla.

Philippines new date (2010) 1,000-peso note confirmed


1,000 pesos (US$22.40), 2010. Like Pick 197b, but new date.

Courtesy of Rodney Hall.

Philippines new date (2009) 100-peso note confirmed


100 pesos (US$2.20), 2009. Like Pick 194, but new date.

Courtesy of Sejin Ahn.

Philippines to issue new notes in December 2010

According to an Inquirer Global Nation article dated 11 March 2010, former President Corazon Aquino and various tourist spots—including the underground river in Palawan—will be featured in the next generation of peso banknotes to be introduced in December 2010, according to OIC Central Bank Governor Diwa Guinigundo.

All denominations (20, 50, 100, 200, 500, and 1,000 pesos) are being redesigned, but their colors will remain the same. Guinigundo said new personalities will be added to some of the notes, and existing portraits will be updated, while the backgrounds and vignettes will be changed to include the country’s famous tourist spots. New and old notes will circulate in parallel for up to three years.

More information can be found in this BSP press release dated 26 March 2010.

Courtesy of Leszek Porowski.

Philippines new date (2007) 100-peso note confirmed


100 pesos (US$2.20), 2007. Like Pick 194, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below. Be sure to say you saw it mentioned here on Banknotenews.com.

Courtesy of banknoteshop@gmx.net.

Philippines new date (2009) 50-peso note confirmed


50 pesos (US$1.10), 2009. Like Pick 193, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below. Be sure to say you saw it mentioned here on Banknotenews.com.

Courtesy of banknoteshop@gmx.net.

Philippines new date (2009) 20-peso note confirmed


20 pesos (US$0.45), 2009. Like Pick 182, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below. Be sure to say you saw it mentioned here on Banknotenews.com.

Courtesy of banknoteshop@gmx.net.

Philippines new date (2009) 1,000-piso note confirmed



1,000 piso (US$21.70), 2009. Like Pick 197, but new date.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below. Be sure to say you saw it mentioned here on Banknotenews.com.

Courtesy of Rafal Nogowczyk.

Philippines 20-peso UN Year of Microcredit commemorative confirmed


20 pesos (US$0.40). Like Pick 182, but new date (2005) and UN Year of Microcredit 2005 ovpt.

Courtesy of Alberto Fochi.

Philippines new date (2008 A) 20-piso note confirmed


20 pisos (US$0.40). Like Pick 182i, but date now has suffix (2008 A).

Courtesy of Rodney Hall.

Philippines considers adding Cory to 500-piso note

Following the 1 August 2009 death of former president Corazon “Cory” Aquino, Bangko Sentral ng Pilipinas (BSP) is considering adding her portrait to the 500-piso (US$10.50) note which has featured a portrait of her husband and former Senator Benigno “Ninoy” Aquino Jr. since 20 August 1987. If approved, the new note would be available in the last quarter of 2010.

Philippines issues commemorative notes

On 9 July 2009, Bangko Sentral ng Pilipinas (BSP) introduced 12 million banknotes with an overprint commemorating 60 years of central banking. The overprint appears on the watermark area on all six circulating denominations: 20-, 50-; 100-; 200-; 500-, and 1,000-piso.











Philippines planning to issue polymer notes

According to a BuinessMirror report dated 8 July 2009, Bangko Sentral ng Pilipinas (BSP) is planning to replace its existing abaca-and-cotton banknotes with polymer notes. Deputy BSP governor and officer in charge, Armando Suratos, provided no details on the timing of such a move, but stated that it would result in savings over the long term as polymer notes outlast paper notes in circulation even though they are initially more costly to produce. No further details are available at this time.

Philippines issues commemorative 100-piso note


100 pesos (US$2.30), 2008. Ten million notes introduced 20.06.2008, to commemorate the centennial of the University of the Philippines. Like P194, but new date, and overprint of the Oblation, an iconic concrete sculpture of a man with face up and arms stretched-wide symbolizing the selfless offering of service to one’s country. 160 x 65 mm.

Philippines new date (2006) 50-peso note confirmed


50 pesos (US$1.15), 2006. Like SCWPM 193, but new date and new signatures (GLORIA MARCAPAGAL-ARROYO, Pangulo ng Pilipinas; AMANDO M. TETANGC0, JR., Tagapangaslwa ng Bangko Sentral).

Courtesy of Menelaos Stamatelos.

Philippines new date (2007) 20-peso note confirmed


20 pesos (US$0.45), 2007. Like SCWPM 182, but new date and new signatures (GLORIA MARCAPAGAL-ARROYO, Pangulo ng Pilipinas; AMANDO M. TETANGC0, JR., Tagapangaslwa ng Bangko Sentral).

Courtesy of Menelaos Stamatelos.

Philippines ceases outsourcing note printing

According to a 15 August 2006, article in The Manila Times, the Bangko Sentral ng Pilipinas (BSP) will cease outsourcing the printing of bank notes in 2007 in the wake of an embarrassing mistake made public last November.

In an attempt to ensure a sufficient supply of 100-piso (US$1.95) bank notes during the 2005 Christmas season, last year the BSP contracted the services of an unnamed French security printer. The move was supposed to be economical, too, since the French printer’s cost of production was reportedly half that of the BSP.

Unfortunately, the outsourced 100-piso notes (Pick 194c) delivered to the BSP bore President Gloria Macapagal-Arroyo’s surname misspelled as “Arrovo.” Approximately 1,000 of these error notes were released into circulation before the mistake was caught. They remain legal tender in the Philippines, but are valued at US$20 in uncirculated condition, according to the 12th edition of the SCWPM.

Said an unnamed source, “It’s both the printer and BSP’s fault, because BSP sent its staff abroad who handles outsourcing of bank notes. However, the French printer shoulders the printing cost.”
 
A new story in the Manila Standard Today reports that 2.14 million error notes were released, and that the printer in question is Francois Charles Oberthur Fiduciare. Oberthur has reportedly agreed to shoulder the cost of a quarter of the initial print run of 77.9 million notes and will replace three quarters of that amount.

Philippines buys two “superline” note printers

According to Inquirer.net, the Bangko Sentral ng Pilipinas (BSP), has spent P4 billion (US$89 million) on two “superline” printing machines so it will not have to outsource the printing of banknotes. Two years ago, a European printer supplied 80 million 100-peso notes on which President Gloria Macapagal-Arroyo’s was misspelled as “Arrovo.” By printing locally, it’s hoped that such embarrassing errors will be a thing of the past. Also, the new printing machines will double the capacity of the Security Plant Complex in Quezon City to two billion notes annually. The new machines perform the entire cycle of banknote production, from layout to printing and bundling.