Have You Know that We Have P100,000 bill? How About P2000 Bill? These Are How They Look Like

Have You Know that We Have  P100,000 bill? How About P2000 Bill? These Are How They Look Like

Banknotes of the Philippine peso are issued by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) for circulation in the Philippines. The BSP is the one responsible for issuing the right amount of bills needed for the country. In early times, there was still that 5-peso and 10-peso bill but it also had its demonetization and were no longer used.

As for the information of everyone, The BSP was also able to release the said to be the world’s largest banknote according to the Guinness Book of World Records which is the commemorative 100,000-Peso bill. Yes! it really exists. The banknote is printed on paper as big as a legal-sized bond paper. It has dimensions of 356mm width and 216mm height. And was made in Germany.

Have You Know that We Have  P100,000 bill? How About P2000 Bill? These Are How They Look Like

Front: Cry of Pugadlawin, Philippine Centennial Commission Logo, BSP Logo

This banknote was issued during the Centennial of Philippine Independence in 1998. The banknote has 21 security features including a hologram, making it very hard to counterfeit. On release, this collector’s item was sold at P180,000. Today, it is worth many times more.

Have You Know that We Have  P100,000 bill? How About P2000 Bill? These Are How They Look Like

Back: Declaration of Independence

In the same way, The Central Bank of the Philippines also issued only 300,000 pieces of this 216mmx133mm 2,000 Philippine Peso Centennial Commemorative Legal tender Banknote.

The obverse side features President Joseph Ejercito Estrada taking his oath of office on June 30, 1998, at the historic Barasoain Church, the seat of the first democratic republic in Asia shown in the background as well as the scroll of the Malolos Constitution and the seal of the BSP (Bangko Sentral ng Pilipinas).

Have You Know that We Have  P100,000 bill? How About P2000 Bill? These Are How They Look Like

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.

Have You Know that We Have  P100,000 bill? How About P2000 Bill? These Are How They Look Like



But then a recent news comes out about the demonetization of the 100,000 and 2,000 peso bill. According to the GMA News Online, the Bangko Sentral ng Pilipinas (BSP) on Tuesday said it will start demonetizing the commemorative P100,000 and P2,000 paper bills issued during the administration of then-President Joseph Estrada. That, they said the P100,000 and P2,000 paper bills will lose its value and many no longer be eligible as legal tender starting Aug. 1, 2018.



SOURCE: GMA NEWS ONLINE

THIS BLOG claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to its respectful owners. Photos used are for illustration purposes only. We do not own the photos and no copyright infringement is intended If there is an image appearing on this blog that belongs to you and does not wish for it appears on this site, please E-mail with a link to said image and it will be promptly removed.