Banknotes of the Philippine peso

In view of its highly successful run, President Taft then appointed a committee that reported favorably on the advantages and savings from changing the size of United States banknotes to Philippine-size.

The revolutionary republic of Emilio Aguinaldo ordered the issuance of 1, 2, 5, 10, 25, 50, 100-peso banknotes which were signed by Messrs. Pedro A. Paterno, Telesforo Chuidan and Mariano Limjap to avoid counterfeiting.

However, amendments were made before the shipment of the notes from the United States to the Philippines to allow #eedba3 to be included as a reserve for the Silver Certificates.

In 1908, the El Banco Español Filipino was allowed to print banknotes in the following denominations with text in Spanish: Cinco (5), Diez (10), Veinte (20), Cincuenta (50), Cien (100) and Dos Cientos (200) Pesos.

During World War I, the PNB issued emergency notes printed on cardboard paper in the following denominations: 10, 20, 50 centavos and 1 peso.

[4] After the declaration of Proclamation № 1081 by President Ferdinand Marcos Sr. on September 23, 1972, the Central Bank was to demonetize the English Series banknotes in 1974, pursuant to Presidential Decree No.

After the 1986 People Power Revolution[5][9] and the new 1987 Constitution was promulgated, the Central Bank issued a new 50, 100- and for the second time a new 500-peso banknote with the face of Benigno Aquino Jr.

In 1991, the Central Bank issued for the first time a new 1000-peso banknote, containing the portraits of José Abad Santos, Josefa Llanes Escoda and Vicente Lim.

On May 2, 1997, the year of issue or printing was introduced on banknotes starting with the release of 10-peso note with Andres Bonifacio and Blood Compact of the Katipuneros.

On July 8, 2009, the BSP announced that it would recall all bank notes made of abaca and cotton soon and replace it with an all-polymer series.

This plan has been abandoned, however, when the New Generation Currency series was released to the public on December 16, 2010, with all banknotes still made of abaca and cotton.

[12][13] Signature pairs of the President of the Philippines and Governor of the Bangko Sentral ng Pilipinas appearing on the banknotes: Bangko Sentral ng Pilipinas (BSP) began the 12-year demonetization process of the New Design Series when the New Generation Currency (NGC) project was started in 2007 through formal conceptualization process which was a result of the meeting of the minds of people with diverse backgrounds and ideas: central bankers, artists, technocrats, historians, communication experts, and currency printers to further enhance security features and to improve durability.

[15][16] The members of the numismatic committee included Bangko Sentral Deputy Governor Diwa Guinigundo and Dr. Ambeth Ocampo, chairman of the National Historical Institute.

Former President Corazon Aquino was added to the 500-peso bill together with her husband Senator Benigno Aquino Jr.[17] The word "Pilipino" is rendered on the reverse and on the front in Baybayin (ᜉᜒᜎᜒᜉᜒᜈᜓ) as a see-through register, which is a security feature where if you hold up the note against the light, an image will form, in this case, it's a word that will form.

The banknote is also the first to be printed which features the 2020 logo of the Bangko Sentral ng Pilipinas, which has received much criticism from the general public.

In an interview, Bangko Sentral ng Pilipinas Governor Benjamin Diokno stated that “The new series will focus on fauna and flora in the Philippines.” [28][29][30] On December 19, 2024, the designs for the 50, 100 and 500 piso polymer banknotes were revealed during a presentation to President Bongbong Marcos, who led the unveiling ceremony[31] in Malacañang,[32] and it will be in circulation on December 23, 2024, in limited quantities and in the Greater Manila area.

[33] Commemorative banknotes have been issued by the Bangko Sentral ng Pilipinas to memorialize events of historic significance to the Philippines.

[36] The obverse side features President Joseph Estrada taking his oath of office on June 30, 1998, in the historic Barasoain Church, the seat of the first democratic republic in Asia shown in the background as well as the scroll containing the excerpt texts from the Preamble of the Malolos Constitution and the place (Barasoain) and the date (January 20, 1899 in words) of ratification written in Spanish, and the seal of the BSP (Bangko Sentral ng Pilipinas).

The reverse side depicts the re-enactment of the declaration of Philippine Independence at the Aguinaldo Shrine in Kawit, Cavite on June 12, 1998, by President Fidel V. Ramos and also features the Philippine Centennial Commission logo, but in the smaller version, it was replaced by the phrase of "Tiwala Kay Bathala, Pagmamahal sa Bayan".

On its obverse, the banknote depicts a young Lapulapu, an image of the Battle of Mactan, the QCP logo, and the Karakoa, the large outrigger warships used by native Filipinos, while on its reverse shows the Philippine eagle, or the Manaol, which symbolizes clear vision, freedom, and strength; and which embodies the ancient Visayan belief that all living creatures originated from an eagle, also featured are the tree of a coconut, which was food the people of Samar provided to Ferdinand Magellan and his crew; and Mount Apo, which is located in Mindanao, where the circumnavigators finally found directional clues to their intended destination of Maluku or the Spice Island.