Philippine Peso Coins and Banknotes

Philippine Coins and Banknotes

Bonifacio displaces Aguinaldo in new 5 peso coin

To honor Gat Andres Bonifacio, the founder of the Katipunan on his 120th death anniversary this November 30, the Bangko Sentral ng Pilipinas (BSP) released in advance the new 5 Piso coin, the first of its new Generation Currency Coins.

Notably, Bonifacio displaces Emilio Aguinaldo, the first Philippine president who is rumored to have ordered Bonifacio's execution and who once occupied the coin. Bonifacio previously appeared on the 10 peso coin alonside Apolinario Mabini, Aguinaldo's key adviser.

Just last week, BSP released limited edition 10 peso coins featuring General Antonio Luna for his 150th birth anniversary. In 2015, a popular film Heneral Luna, was critical of Aguinaldo and his cabinet.

Bonifacio last appeared on the 5 peso domination, albeit on a banknote, in the Bagong Lipunan Series. After that, he occupied the 2-peso coin and then the 10 peso banknote alongside Mabini when the 2 peso denomination was demonetized. After the 10 peso banknote was demonetized, Bonifacio appeared with Mabini on the current 10 peso coin.

5 Peso Coin - New Generation Currency

Five Piso Coin
New Generation Currency 

Obverse: Gat. Andres Bonifacio, "Republika ng Pilipinas", 5 Piso, year mark
Reverse: Tayabak (a Philippine endemic plant that climbs tall forest trees), logo of the Bankgo Sentral ng Pilipinas

Shape: round
Edge: plain (design bordered by 12-scallop)
Material: nickel, brass
Composition: 70% copper, 5.5% nickel, 24.5% zinc

Weight: 7.4 grams
25 mm

Release date: November 30, 2017 (Bonifacio's 120th death anniversary and his 154th birthday)

New color of 100 peso bill

Top: Original colors of 100 peso banknote. Bottom: New banknote with light purple (mauve) color.
Some of you might have already noticed new one hundred peso banknotes with a different shade of purple. Don't worry, it's not fake.

Last month the Bangko Sentral ng Pilipinas started issuing new 100 beso bills with a pale purple (mauve) color. This was to address complaints that the 100 peso notes looked very similar to the 1000 peso bills.

500 Peso Ferdinand Marcos Banknote (Unissued)

1985 Unissued Marcos 500 Piso

Front: Ferdinand E. Marcos, Republika ng Pilipinas
Back: San Juanico Bridge, Angat Dam, Batasan Complex, Limandaang Piso

This banknote was supposed to be issued along with the rest of the New Design Series in 1985. However due to political circumstances, this design was never released into circulation. The banknote's designer Romi MananQuil narrates the story in his website:

The 500-peso Marcos bill was slated for production in late 1985. However, when a snap election was scheduled. The circulation of the newly printed bills was put on hold in deference to the law against electioneering as Marcos, whose image appeared on the new bank note was the incumbent running against Corazon Aquino. My 500-peso Marcos bill was never circulated and with the events that proceeded: the snap elections, the disputed victory of Marcos, the success of People’s Power in February 1986 and the instatement of Aquino as President, it perhaps seemed fitting that any vestiges of the overthrown government were thrown off. President Corazon Aquino soon ordered the redesign of the bill to honour her husband, Senator Benigno “Ninoy” Aquino whose 1983 slaying became the catalyst for change and the new democracy’s rallying cry for the overthrow of Marcos. Though I was once again tasked with the redesign of the bill, my family’s move to Canda prevented me from taking on the assignment. 

The Color of Money & The History of the Philippine Piso

The Color of Money

The color of money runs deeper than the obvious. With one look our money is green or red, violent, orange, yellow, or blue. As we look closer it changes into many different shades as painted by the countless stories it has become a part of. Our history, heroes, values, our daily life, the pursuit of happiness, and dreams fulfilled. Indeed the color of our money is the story - the pulse of our people. And as we evolve as a people, so does the color of our money.

The History of the Philippine Peso

The Filipinos first used paper currency in the mid 19th century while under Spanish rule.
With the establishment of the Central Bank of the Philippines in 1949, great Filipinos appeared for the first time on our banknotes, the English Series.

As our country progressed, our money continued its transformation. This time, it highlighted design elements that affirmed our independence.

In the 1960's, the english words on the notes were translated into the national language. Called the Pilipino series, the banknotes featured key events and places in our history.

In the 1970's, to echo the government's new society program, the phrase "Ang Bagong Lipunan" was stamped on the new bills. Our banknotes began to be printed in the newly built Security Plant Complex of the Central Bank.

The New Design Series was launched after the People Power REvolution in 1986. This included the 500-Piso banknote with the image of Senator Benigno Aquino, Jr. and the 1000-piso which featured three Filipino wartime heroes.

When the Bangko Sentral ng Pilipinas was created in 1993 as the country's central monetary authority, its new logo was incorporated in all the banknote denominations.

By the new millenium, the security features of the banknotes have been enhanced and the type of banknote paper upgraded with a shift from cotton linen to cotton with Philippine Abaca.