It was succeeded by the New Generation Currency (NGC) Series that was conceptualized from 2007 to 2010, and issued on December 16, 2010 for banknotes and November 30, 2017 for coins.

When Martial Law was lifted in 1981, the Central Bank started to print and mint an entirely new series of Philippine currency notes and coins which are contemporary and forward looking, adopting the latest trend of anti-counterfeiting features.

On June 12, 1985, the BSP issued the New Design Series starting with the 5-piso banknote with the face of Emilio Aguinaldo on the obverse side.

[1] Before the 500-peso banknote with Benigno Aquino Jr. was printed, the version designed by Romeo Mananquil was to feature Ferdinand Marcos and was its reverse was to be the Batasang Pambansa Complex.

When the new 1987 Constitution was promulgated, the 50, 100, and 500-piso banknotes with the faces of Sergio Osmeña, Manuel Roxas, and Benigno Aquino, Jr. on the obverse side were introduced.

On December 16, 1991 during the tenure of President Corazon Aquino and BSP Governor Jose L. Cuisia Jr., the BSP issued for the first time a 1000-piso banknote, containing on the obverse side the composite portraits of World War II heroes Jose Abad Santos, Josefa Llanes Escoda, and Vicente Lim.

Two of the series' banknotes were stopped production and replaced by their more durable coin version due to the bills susceptible to wear and tear caused by widespread usage which are five and ten peso notes in 1995 and 2001, respectively.

However, they remained common in circulation even after their printing stopped until 2004, and legal tender until December 31, 2015, and have a liability of the BSP and can be exchanged with their coin counterpart until the demonetization of the main banknotes under the New Design Series on January 3, 2018.

The scene from the Blood Compact of Katipuneros, previously featured in the Pilipino and Ang Bagong Lipunan series ₱5 bill was added on the right side of the Barasoain Church.

In 1999, the names of the signatories on the bills were added starting with banknotes featuring the signature of President Joseph Estrada.

As a result, in 2001, BSP decided to enhance the security features of the 1000, 500, and 100 peso banknotes (with 500 and 100 peso starting with the signature of President Gloria Macapagal Arroyo), including the 200-piso which was issued on June 12, 2002, by incorporating the iridescent band and the windowed security thread to combat counterfeiting made out of colored copiers.

In 1975, Bangko Sentral ng Pilipinas released a 5-peso coin featuring the face of then President Ferdinand Marcos.

Former presidents Fidel Ramos and Joseph Estrada was also pictured in a limited commemorative 2000-peso banknote that honors the 100-year celebration of Philippine Independence.

Also a limited commemorative #eedba3 1000-peso banknote with the picture of former President Joseph Estrada was also issued to honor the 100-year celebration of Philippine Independence.

Some critics including Father Robert Reyes also pointed out that featuring Gloria Arroyo in the 200-peso note could be an electioneering tactic ahead of the 2004 Philippine elections.

Along the right side of the banknote was the NHCP historical marker in the Malolos Cathedral (indicating the foundation of the First Philippine Republic, which Aguinaldo became its president) along with a cannon.

Bonifacio was the founder of the Katipunan (KKK), a secret society established to fight the Spanish colonial government.

The reverse side of the 20-peso banknote depicted Malacañan Palace, more popularly known as Malacañang, the residence of the President of the Philippines, along the banks of the Pasig River.

The building and then renamed Executive House during the Martial Law period and was labeled as such in the fifty-peso banknote until recently.

On the reverse side, the top row of windows of the main building had the words "Bangko Sentral ng Pilipinas" ("Central Bank of the Philippines") running the whole length.

[10] Colored yellow, the front side of the 500-peso banknote featured the portrait of Benigno Aquino Jr. To the right of the banknote, there were two popular quotes from Aquino: "Faith in our people and faith in God" (which is located above the signature of the Philippine president), and "The Filipino is worth dying for", under which was signed his nickname, "Ninoy".

He was (in front of an article about "1st Cav", out of some of the pictures) a journalist for the Manila Times, a senator (the pioneer of the Study Now, Pay Later education program), the mayor in his hometown of Concepcion, the governor of Tarlac, and was the main driving force behind the People Power Revolution of 1986,[8][9] some three years after his death in 1983.