New Design series
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Value | Piso ng Pilipinas (Filipino) |
Years of printing | 1985–1995 (₱5) 1985–2001 (₱10) 1986–2012 (₱20) 1987–2013 (₱50, ₱100, ₱500) 1991–2012 (₱1000) 2002–2013 (₱200) |
The New Design Series (NDS) (also known as the BSP Series after the establishment of the Bangko Sentral ng Pilipinas) was the name used to refer to the
History
When Martial Law was lifted in 1981, the Central Bank started to print and mint an entirely new series of Philippine currency notes and coins which are contemporary and forward looking, adopting the latest trend of anti-counterfeiting features. On June 12, 1985, the BSP issued the New Design Series starting with the 5-piso banknote with the face of Emilio Aguinaldo on the obverse side. The following month in July 1985, the 10-piso banknote with the face of Apolinario Mabini on the obverse side was issued. On March 3, 1986, a new 20-piso banknote was introduced, with the first 34 million banknotes have the signature of President Ferdinand Marcos despite being released days after the People Power Revolution.[1]
Before the 500-peso banknote with Benigno Aquino Jr. was printed, the version designed by Romeo Mananquil was to feature Ferdinand Marcos and was its reverse was to be the Batasang Pambansa Complex. The People Power Revolution caused it to be replaced by the current 500-peso banknote. Remnants of this version of the banknote were only for media purposes.
When the new 1987 Constitution was promulgated, the 50, 100, and 500-piso banknotes with the faces of
After the creation of the Bangko Sentral ng Pilipinas in 1993, its new logo was incorporated on all the New Design series bills.
Two of the series' banknotes were stopped production and replaced by their more durable coin version due to the bills susceptible to wear and tear caused by widespread usage which are five and ten peso notes in 1995 and 2001, respectively. However, they remained common in circulation even after their printing stopped until 2004, and legal tender until December 31, 2015, and have a liability of the BSP and can be exchanged with their coin counterpart until the New Design Series' demonetization on January 3, 2018.
On May 2, 1997, the portrait of
The year of printing was added at the bottom of the denomination value located at the upper left corner of the obverse starting with the release of the version of 10-peso note with Bonifacio in 1997, and then implemented on the rest of the series' banknotes in 1998 on 50, 100, 500, and 1,000-peso notes except the 5-peso note as it stopped printing in 1995 two to three years before the implementation of the printing year.
In 1998, the 100,000-piso Centennial banknote, measuring 8.5"x14", accredited by the Guinness Book of World Records as the world's largest legal tender note was issued in a limited quantity of 1000 pieces to commemorate the celebration of the Centennial of Philippine Independence. Along with this was the launching of the 2000-piso Centennial Note, measuring 216 mm x 133 mm and bearing the signature of President Joseph Estrada, on December 1, 1998.
In 1999, the names of the signatories on the bills were added starting with banknotes featuring the signature of President Joseph Estrada. During the Estrada Administration, the practice in use since the Commonwealth, of reproducing the signature of the President of the Philippines over the legend "President of the Philippines" was abandoned in favor of explicitly stating the president's name. Also, the names of signatories are capitalized, while the position are now in lowercase.
Meanwhile, in the latter part of 1990s, colored reproduction machines became available in commercial quantity and has become a big threat to the integrity of the currency. As a result, in 2001, BSP decided to enhance the security features of the of 1000, 500, and 100 peso banknotes (with 500 and 100 peso starting with the signature of President Gloria Macapagal Arroyo), including the 200-piso which was issued on June 12, 2002, by incorporating the iridescent band and the windowed security thread to combat counterfeiting made out of colored copiers. On that same year, the name of the Old Legislative Building (Dating Gusali ng Batasan, with the name was located at the lower-left side) on the reverse side of the fifty-peso note was changed to the "National Museum" (Gusali ng Pambansang Museo) and the name was moved at the top of the building, to reflect the turnover made by the Congress of the Philippines to the National Museum. The name of the building's facade was changed from "Executive House" to "National Museum". Also, the serial number was moved at the top of the denomination that was located on the lower left side of the banknote.
The second major political upheaval called EDSA II in 2001 was depicted on the reverse side of the 200-piso showing Gloria Macapagal Arroyo being sworn into office at the
The 200-peso banknote was the subject of criticism by the
Some critics including Father
The one hundred peso banknote became the subject of controversy in 2005 after banknotes printed by Oberthur Technologies of France in time for the Christmas season and upon the release of banknotes featuring the signature of BSP governor Amando Tetangco Jr. were printed with the President's name misspelled, the first in Philippine history. The banknotes spelled the President's name as "Gloria Macapagal-Arrovo" versus the correct Gloria Macapagal Arroyo. The incident was subsequently the subject of public humor as soon as the issue made national headlines. The BSP probed the mistake and corrected the error afterwards.[3]
On August 16, 2009, a proposal was made by the
The NDS banknotes were printed until 2013 (with 5-peso note were printed until 1995, 10-peso note until 2001, 20 and 1000 peso notes until 2012, and 50, 100, 200 and 500 peso notes until 2013), legal tender until December 31, 2015, and can be exchanged with newer notes until the main banknotes' demonetization on January 3, 2018. The NDS co-existed with NGC banknotes from December 16, 2010, to August 2, 2019.
The main NDS/BSP notes were no longer legal tender since January 1, 2016 and they were demonetized two years later on January 3, 2018, and the series overall on August 2, 2019 with the 2,000 and 100,000 peso commemorative banknotes, making the NDS/BSP series the longest banknote series to have a liability of the BSP at 34 years.[4][5][6][7]
Banknotes
Released or circulated
New Design/BSP Series | |||||||||
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Image | Value | Dimensions | Main Color | Design | Year | ||||
Obverse | Reverse | Obverse | Reverse | First Issue | Withdrawal | ||||
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₱5
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160 mm × 66 mm | Green | Emilio Aguinaldo, First Philippine Republic historical marker at Malolos Cathedral in Filipino language, cannon | Declaration of Philippine Independence , June 12, 1898
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June 12, 1985 | January 3, 2018 | |
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₱10
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Brown | Apolinario Mabini, Mabini's True Decalogue (El Verdadero Decalogo), quill and inkwell | Barasoain Church | July 1985 | ||||
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Andres Bonifacio, Mabini's True Decalogue (El Verdadero Decalogo), quill and inkwell, Kartilya ng Katipunan, Katipunan flag
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Barasoain Church, Blood Compact of the Katipuneros | May 2, 1997 | |||||
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₱20
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Orange | 1935 Philippine Constitution , Filipino as the National Language
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Malacañang Palace | March 3, 1986 | |||
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₱50
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Red | Sergio Osmeña, Fuente Osmeña fountain in Cebu, gavel | National Museum (formerly Legislative Building) | April 18, 1987 | |||
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₱100
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Violet | Manuel Roxas, Inauguration of the Third Philippine Republic, July 4, 1946 | Old and current headquarters of the Bangko Sentral ng Pilipinas in Manila | April 18, 1987 | |||
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₱200
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Green | Diosdado Macapagal, Aguinaldo Shrine in Kawit, Cavite | EDSA People Power 2001 and the inauguration of President Gloria Macapagal Arroyo | June 12, 2002 | |||
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₱500
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Yellow | Benigno Aquino Jr. , BSAJ typewriter, His quotations of The Filipino is worth dying for and his signature Ninoy
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Aquino as a journalist for the | August 21, 1987 | |||
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₱1000
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Blue | José Abad Santos, Vicente Lim, Josefa Llanes Escoda; eternal flame at the Libingan ng mga Bayani, laurel wreath | Banaue Rice Terraces, Manunggul Jar cover and Langgal hut. | December 16, 1991 | |||
For table standards, see the banknote specification table. |
Unreleased
Unreleased banknotes | |||||||||
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Image | Value | Dimensions | Main Colour | Design | Year of First Issue | Usage in circulation | |||
Obverse | Reverse | Obverse | Reverse | ||||||
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₱500
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160 mm × 66 mm | Black | Ilocos region (Inabel )
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Batasang Pambansa Complex, seal of the president of the Philippines (Marcos era), Some accomplishments of the Marcos administration especially during the New Society era (e.g. San Juanico Bridge, Angat Dam, Bataan Nuclear Power Plant, BLISS Housing Project, Green Revolution agriculture, etc.) | 1985 (supposed) | Never circulated | |
For table standards, see the banknote specification table. |
Design of the banknotes
5-peso banknote
Colored green, the 5-peso note was designed by Romeo Mananquil. The obverse of the 5-peso banknote featured the portrait of Emilio Aguinaldo. Along the right side of the banknote was the NHCP historical marker in the Malolos Cathedral (indicating the foundation of the First Philippine Republic, which Aguinaldo became its president) along with a cannon. The reverse of the banknote featured a depiction of the Philippine declaration of independence by Emilio Aguinaldo on June 12, 1898. Security features of the banknote included a security thread, scattered red & blue visible fibers, and fluorescent printing.
10-peso banknote
Colored brown, the 10-peso banknote designed by Rafael Asuncion was issued in July 1985, a month after the 5-peso banknote was issued. The obverse side of the 10-peso banknote featured
20-peso banknote
Colored orange, the 20 peso bill was designed by Angel Cacnio. The obverse side of the 20-peso banknote featured
50-peso banknote
Depicted on the front side of the fifty-peso was Sergio Osmeña, the second president of the Commonwealth of the Philippines. He served as president from 1944, after Quezon's death, to 1946, when the United States granted the Philippines' independence. The banknote was predominantly colored red and was designed by Rafael Asuncion. The National Museum was featured on the reverse side of the banknote. This building used to be the Legislative Building, where the House of Representatives that Osmena presided over as Speaker from 1907 to 1922 was located. The building and then renamed Executive House during the Martial Law period and was labeled as such in the fifty-peso banknote until recently.
100-peso banknote
The front side of the 100-peso banknote featured Manuel Roxas, the first president of the independent Philippine Republic. This independence was shown at the right side where the Philippine flag was raised while the flag of the United States was lowered on July 4, 1946. The banknote was predominantly colored violet and was designed by Angel Cacnio. The reverse side of the banknote depicted the Manila compound of the Bangko Sentral. The 100-peso banknote was the smallest-valued banknote to have the new security features implemented in recent years. But before the advent of the new security features, the 100-peso banknote was interesting for having other security features. On the front side was a barely visible "100" text above the signatures of the president and the Central Bank governor. This text was best seen on crisp new 100-peso banknotes. On the reverse side, the top row of windows of the main building had the words "Bangko Sentral ng Pilipinas" ("Central Bank of the Philippines") running the whole length.
200-peso banknote
Colored green, the front side of the 200-peso banknote featured the portrait of
500-peso banknote
Colored yellow, the front side of the 500-peso banknote featured the portrait of
1,000-peso banknote
Colored blue, the front side of the 1,000-peso banknote featured the portraits of José Abad Santos, Chief Justice; Josefa Llanes Escoda, civic worker and one of the founders of the Girl Scouts of the Philippines; and Vicente Lim, a general in the Philippine Army, first Filipino graduate of West Point: the three are considered heroes of the resistance against the Japanese occupation of the Philippines. It also featured the eternal flame at the Libingan ng mga Bayani, laurel wreath, and Bangko Sentral ng Pilipinas (BSP) logo. The back of the banknote featured the Banaue Rice Terraces, Manunggul Jar cover and Langgal. It was designed by Romeo Mananquil. Security features of the banknote included optically variable ink, a security thread, scattered red & blue visible fibers, and fluorescent printing. The words "Central Bank of the Philippines" were microprinted in the lower left border on the face of the note.
Coins
BSP Coin Series (1995–2017) | |||||||||||
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Image | Face Value | Technical parameters | Description | Years of Issue | |||||||
Obverse | Reverse | Diameter | Mass | Composition | Edge Thickness | Edge | Obverse | Reverse | Introduced | Withdrawn | |
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1¢
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15.5 mm | 2.0 g | Copper-plated steel | 1.52 mm | Plain | " Republika ng Pilipinas ", value, year of minting
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1993 Logo of the Bangko Sentral ng Pilipinas | Dec 1995 | |
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5¢
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15.5 mm | 1.9 g | 1.52 mm | Plain (with 4 mm central hole) |
"Republika ng Pilipinas", value, year of minting | Words "Bangko Sentral ng Pilipinas" along the border | |||
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10¢
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17.0 mm | 2.5 g | 1.67 mm | Reeded | "Republika ng Pilipinas", value, year of minting | 1993 Logo of the Bangko Sentral ng Pilipinas | |||
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25¢
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20.0 mm | 3.8 g | Brass | 1.5 mm | Plain | "Republika ng Pilipinas", value, year of minting | 1993 Logo of the Bangko Sentral ng Pilipinas | Dec 1995 | |
3.6 g | Brass-plated steel | 1.78 mm | March 22, 2004 | ||||||||
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₱1 | 24.0 mm | 6.1 g | Copper-nickel | 1.75 mm | Reeded | "Republika ng Pilipinas", Profile of José Rizal, value, year of minting | 1993 Logo of the Bangko Sentral ng Pilipinas | Dec 1995 | |
5.35 g | Nickel-plated steel | 1.9 mm | April 21, 2003 | ||||||||
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₱5
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27.0 mm | 7.7 g | Nickel-brass (70% copper 5.5% nickel 24.5% zinc) |
1.87 mm | Plain |
12-pointed scallop border design, "Republika ng Pilipinas", Profile of Emilio Aguinaldo, value, year of minting | 12-pointed scallop border design, 1993 Logo of the Bangko Sentral ng Pilipinas | Dec 1995 | |
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₱10
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26.5 mm | 8.7 g | Ring: Copper-nickel | 2.14 mm | Segmented (Plain and Reeded edges) | Ring: "Republika ng Pilipinas", year of minting | 1993 Logo of the Bangko Sentral ng Pilipinas | July 10, 2001 | |
Center: Aluminum-bronze | Center: Profiles of Andrés Bonifacio and Apolinario Mabini, value |
References
- ^ Bangko Sentral ng Pilipinas. "Bangko Sentral ng Pilipinas Coins and Notes - Demonetized Coins and Notes". Retrieved May 27, 2024.
- ^ "Gma Okayed P200 Bill Last Year Says Bangko Sentral".
- ^ "BSP: 'Arrovo' bill printer not disqualified". Archived from the original on December 27, 2009. Retrieved January 1, 2011.
- ^ "BSP to accommodate select individuals to exchange old peso bills on January 3". GMA News. December 28, 2017. Retrieved December 7, 2023.
- ^ "Still hanging on to your old peso bills? Read this". ABS-CBNnews.com. December 29, 2014. Retrieved November 29, 2015.
- ^ BSP Extends the Period for the Exchange or Replacement of New Design Series Banknotes at Par with the New Generation Currency Banknotes, Bangko Sentral ng Pilipinas press release, December 28, 2016
- ^ BSP extends deadline for the exchange/replacement of old note series (NDS) at par with the new note series (NGC) until 30 June 2017 Bangko Sentral ng Pilipinas (www.bsp.gov.ph). Retrieved on March 30, 2017.
- ^ a b "People Power Revolution 1986".
- ^ a b "People Power: An eyewitness history". October 22, 2011.
- ^ http://news.inq7.net/nation/index.php?index=1&story_id=63539