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The Bangko Sentral ng Pilipinas introduced the one thousand peso denomination in December 1991 during the presidency of Corazon Aquino and tenure of BSP Governor Jose L. Cuisia Jr. [2] The note features the portraits of former Chief Justice José Abad Santos; Josefa Llanes Escoda, civic worker and one of the founders of the Girl Scouts of the Philippines; and Vicente Lim, a general in the ...
The 100,000-peso centennial note, measuring 356 x 216 mm, was accredited by the Guinness Book of World Records as the world's largest legal tender note in terms of size. 1,000 pieces were issued during the celebration of the centennial of Philippine independence in 1998. [37]
The BSP initially released five million pieces of the new 20, 50, 100, 500, and 1,000-peso bills with Duterte's signature. As for the 200-pesos bills, only two million pieces were released because of lower demand for this denomination. [5] In 2017, Bangko Sentral ng Pilipinas updated the design of the P200 and P1000 NGC series banknotes.
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 peso has depreciated around 60% compared to the U.S. dollar over the past year. It has occurred in parallel to one of the world’s highest inflation rates.
Just for your information, there are in circulation 1,000-peso bills, 300,000 pieces of a special 2,000-peso bank note commemorating the Philippine's centennial (1898-1998), and I've heard, a very limited 100,000-peso legal tender. From the smallest denomination to the Php 1,000 bill, the sizes have consistently been 161mm x 66mm.
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