Presenting, the new Banknotes of the Philippine Peso

Posted on Monday, December 20, 2010 by Mr. Tambay

The New Banknotes of the Philippine Peso

Got bored looking at your Philippine paper bills? Guess what! They got a new look! Introducing, the new Banknotes of the Philippine Peso!

Last December 2010, the new Banknotes of the Philippine peso was being circulated. To avoid confusion, the colors have been retained. It also underwent a facelife for security upgrading purposes against counterfeits and fake moneys.

The Bangko Sentral ng Pilipinas said that the current paper bills is still usable for the next 3 years. Unlike the current peso bills, the new banknotes has the word "PILIPINO" whic is writtern in Baybayin or pre-Spanish Philippine writing system. It can be seen when the paper bill is viewed against the light. The paper bills' reverse sides were all changed to feature a landmark, an animal and indigenous designs.

Php 20 bill Obverse Side
Php 20 bill Reverse Side

The new Php 20 bill's photo is seen above. Although it is still color orange and Manuel L. Quezon is retained, the Declaration of Filipino as the National Language and the Malacañang Palace (which is formerly at the reserve side of the bill) can now be found at the obverse (front) side of the bill. The reverse side now includes the Banaue Rice Terraces, a palm civet, and a Cordillera weave design.

Php 50 bill Obverse Side
Php 50 bill Reverse Side

Aside from Sergio S. Osmeña, the First National Assembly of the Philippines and the legendary Leyte Landing can be seen at the obverse side of the Php 50 bill. On the reverse side, the Taal Lake, giant trevally, and Batangas embroidery design is present.

Php 100 bill Obverse Side
Php 100 bill Reverse Side

The new, mauve-colored Php 100 bill has the addition of the Old BSP Building in Intramuros, Manila and the Inauguration of the Third Philippine Republic. On its reverse side, the famous Mayon Volcano, the whale shark, and a Bicol textile design can be found.

Php 200 bill Obverse Side
Php 200 bill Reverse Side

EDSA People Power 2001, Aguinaldo Shrine in Kawit Cavite, and Barasoain Church (which was formerly on the old Php 10 bill) can now be seen together with Diosdado P. Macapagal in the new Php 200 bill. At the back, the Chocolate Hills in Bohol, the Philippine Tarsier, and a Visayan textile design is present.

Php 500 bill Obverse Side
Php 500 bill Reverse Side

Among all the new Php bills, the Php500 bill is the most anticipated bill for me. The new bill includes EDSA People Power 1, Benigno Aquino monument in Makati City, and Cory Aquino, the wife of Ninoy Aquino. At the back, we can see the Subterranean Underground River in Puerto Princesa, Palawan, a Blue-naped Parrot, and a Souther Philippine cloth design.

Php 1,000 bill Obverse Side
Php 1,000 bill Reverse Side

On the Php 1000 bill, Josefa Llanes Escoda, Vicente Lim, and Jose Abad Santos is still present, but are joined with the Centennial Celebration of the Philippine Independence and the Medal of Honor, which was awarded to the three. The reverse side includes Tubbataha Reefs Natural Park in Sulu Sea, South Sea pearl, and a Mindanao design for Tinalak, an Ikat-dyed abaca.

Higher Philippine Peso Denominations

We all know that the higherst denomination of the Banknote of the Philippine Peso is the Php 1,000 bill. What we don't know is that Bangko Sentral ng Pilipinas issued 300,00 pieces of Php 2000 bill and 1,000 pieces of the highest denomination, Php 10,000 bill.

Php 2,000 bill Obverse Side
Php 2,000 bill Reverse Side

The Php 2,000 bill has an area of 216mm x 133mm. The obverse side features Joseph Estrada taking his oath of office last June 30, 1998 at the Barasoain Church, the seat of the first democratic republic in Asia, and the scroll of the Malolos Constitution as well as the seal of the Bangko Sentral ng Pilipinas. The reverse side shows the re-enactment of the declaration of the Philippine Independence at the Aguinaldo Shrine in Kawit, Cavite by Fidel V. Ramos last June 12, 1998 and the Philippine Centennial Commission logo.

The Php 10,000 bill has the dimension of 8.5" x 14". According to Guiness Book of World Records, this bill holds the records as the world's largest legal tender note in terms of size.

Errors in the New Philippine Peso Bills

Not all things are perfect, and that includes the new peso bills. Several errors have been discovered and discussed in the various social networking sites. One of which is the wrong location of the Puerto Princesa Subterranean Underground River on the Reverse side of the Php 500 bill and the Tubbataha Reef on the Php 1000 bill, the exclusion of the Upper part of the Batanes Islands, and the wrong color of the beak and feathers of the Blue-Naped Parrot on the Php 500 bill. Aside from them, the scientific names of the animals in the bills are incorrect. The Bangko Sentral ng Pilipinas still don't have their official statement regarding these errors on the new Banknotes of the Philippine Peso.

Photos courtesy of CIT University Orange Booklet and Wikipedia
Source: Wikipedia