[2] Features the portraits of Marcelo H. Del Pilar and Graciano Lopez-Jaena, two important figures of the Propaganda movement before the Philippine revolution, on the obverse.

The design of the obverse was later revised, the font for the text Republika ng Pilipinas and Limang Piso was changed, the color of the portrait of Bonifacio was changed from brown to green and geometric lines were added on the sides and the watermark area of the bill.

[13] The NHCP historical marker in the Malolos Cathedral indicating the foundation of the First Philippine Republic in Filipino language, which Aguinaldo became its president) along with a cannon can be seen on the right side of the obverse.

This was previously featured on the reverse of the Ang Bagong Lipunan series two peso banknote.

After the creation of the "Bangko Sentral ng Pilipinas", its new logo was incorporated on all the New Design series bills in 1993.