The Philippines' Bangko Sentral ng Pilipinas (BSP) has unveiled the redesigning of all Philippine peso bank notes on Thursday. Part of the changes seen was the inclusion of the image of the late President Corazon Aquino on the new P500 bill, joining the image of her husband, the late Senator Benigno "Ninoy" Aquino Jr.
President "Noynoy" Aquino, led the launching of the new bank notes in Malacañang. The Central bank started releasing the new bills late last month, who says that it has decided to upgrade the security features of all banknotes to make it easier for the public to detect fake money. The denominations with the new designs are the following: P20, P50, P100, P200, P500, and P1,000.
In 2009 the Bangko Sentral ng Pilipinas has announced that it will be launching a massive redesign for current banknotes and coins to further enhance security features and improve durability. The members of the numismatic committee include Bangko Sentral Deputy Governor Diwa Guinigundo, Ambeth Ocampo and Dr. Jimmy Laya, members of the National Historical Institute. Current banknotes will remain legal tender for at least three years.
The new P20 denomination will have a younger-looking Quezon at the front and pictures of the declaration of Filipino as a national language, and the Barasoain Church in Malolos, Bulacan.
At the back, a picture of the Banaue Rice Terraces can be found, alongside an animal related to that area, the Palm Civet or most commonly known as the Musang.
The P50 bill, at the front, will also have a younger-looking Osmeña and prints of the Leyte Landing and the First National Assembly on either side.
At the back, the Taal Lake and the Maliputo fish are featured.
The American flag that can be found on the old P100 has been removed in the new bank note. Printed instead is a young Roxas with pictures of the old BSP building in Intramuros, Manila, and the inauguration of the Second Republic.
The Mayon Volcano in Albay and the whale shark (popularly known as butanding) can be found at the back of the new P100.
The P200 bank note features a much younger Diosdado Macapagal with photos of the Edsa People Power 2001 that elected her daughter, former President and now Rep. Gloria Arroyo of Pampanga, and the Independence House (former President Emilio Aguinaldo’s museum) in Kawit, Cavite.
At the back, the bank note was printed with the sprawling Chocolate Hills in Bohol and the tarsier.
And as previously reported, the new P500 will have the faces of the country’s two icons of democracy, former President Corazon “Cory” Aquino and former Sen. Benigno “Ninoy” Aquino Jr.
It will also feature pictures of the Edsa People Power 1 in 1987 and the Benigno Aquino monument on Ayala Avenue, Makati City.
At the back, a picture of the Subterranean Underground River in Puerto Princesa, Palawan and the Blue-Naped Parrot can be found.
On the new P1,000, almost similar pictures of Santos, Lim and Escoda are printed, as well as photographs of the centennial celebration of Philippine independence and the Medal of Honor, which was awarded to each of the trio.
Pictures at the back of the new bank note include the Tubbataha Reefs Natural Park and the South Sea pearl.
All bank notes will have a color almost similar to the ones used on the current bank notes—orange for P20, red for P50, bluish violet for P100, green for P200, black/gold for P500 and blue for P1,000.