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In 1897 Spain brought 5 and 10 centimos de peseta coins for use in the Philippines as 1 and 2 centimos de peso. The first one- centavo coin was issued under American rule in 1903. It featured an Islander near a volcano on the obverse with 'One Centavo' written on the top and 'Filipinas' on the bottom.
The New Design Series was the name used to refer to Philippine banknotes issued from 1985 to 1993. It was then renamed as the BSP Series due to the re-establishment of the Bangko Sentral ng Pilipinas in 1993. It was succeeded by the New Generation Currency Series conceptualized from 2007 to 2010 and issued since December 16, 2010.