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The new design of the 1000-peso bill would later be adopted for the 50-peso, 100-peso, and 500-peso bills as part of the First Philippine polymer series, which was unveiled in December 2024. Each bill also featured a different set of species, also replacing the images of Philippine heroes, which continues to be criticized by civil groups. [10] [11]
Banknotes of the Philippine peso are issued by the Bangko Sentral ng Pilipinas (formerly the Central Bank of the Philippines) for circulation in the Philippines. The smallest amount of legal tender in wide circulation is ₱20 and the largest is ₱1000. The front side of each banknote features prominent people along with buildings, and events ...
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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 banknotes of the Philippine peso conceptualized from 1983 to 1985, issued from 1985 to 2013 and circulated from 1985 to 2019 including commemorative notes, and coins issued from 1995 to 2017.
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The New Design/BSP Series 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 Philippine peso is ultimately derived from the Spanish peso or pieces of eight brought over in large quantities by the Manila galleons of the 16th to 19th centuries. From the same Spanish peso or dollar is derived the various pesos of Latin America, the dollars of the US and Hong Kong, as well as the Chinese yuan and the Japanese yen. [1 ...
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