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In 2007, 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 the formal conceptualization process, which was a meeting of the minds of people with diverse backgrounds and ideas: central bankers, artists, technocrats, historians, communication experts, and currency printers to further ...
The Philippine five-peso coin (₱5) is the third-largest denomination of the coins of the Philippine peso.. Three versions of the coin are in circulation, the version from the BSP Series which was issued from 1995 to 2017, the original round coin from the New Generation Currency Coin Series issued from 2017 to 2019 and the nonagonal (9-sided shape) version since 2019.
Words "Bangko Sentral ng Pilipinas" along the border 10¢ 17.0 mm 2.5 g 1.55 mm Reeded "Republika ng Pilipinas", value, year of minting 1993 Logo of the Bangko Sentral ng Pilipinas 25¢ 20.0 mm 3.8 g Brass: 1.65 mm Plain "Republika ng Pilipinas", value, year of minting 1993 Logo of the Bangko Sentral ng Pilipinas Dec 1995 3.6 g
Philippine eagle (Pithecophaga jefferyi), logo of the Bangko Sentral ng Pilipinas, date of issue, denomination, mint mark, "Republika ng Pilipinas" Logo of the Bangko Sentral ng Pilipinas, text "25 years 1993-2018", microlettering "EXCELLENCE, PATRIOTISM, ACCOUNTABILITY, INTEGRITY, and SOLIDARITY" ₱500 38.6 mm 28.28 g .999 fine silver
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]
The banknotes were eventually demonetized on February 2, 1993 (but were still exchangable with legal tender currency to the Central Bank until February 2, 1996) [1] after clamors that the banknotes may have been used to buy votes for the 1992 Presidential Elections.
The Philippine five hundred-peso note (Filipino: Limandaang Piso) (₱500) is a denomination of Philippine currency. President Corazon Aquino and her husband, Senator Benigno Aquino Jr. are currently featured on the front side of the note, while the Puerto Princesa Subterranean River National Park and the blue-naped parrot are featured on the reverse side.
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.