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20 Piso Seal type 5

Issuer Bangko Sentral ng Pilipinas
Year 1997-2012
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In circulation to 30 December 2017
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Reverse lettering PALASYO NG MALAKANYANG DALAWAMPUNG PISO 20
(Translation: Malacañang Palace Twenty pesos)
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Protection description Watermark portrait of Manuel L. Quezon, visible when the note is held to light
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Comments

The breadth of signature combinations on this single Pick number is unusually wide even by Philippine standards — spanning five presidents and three BSP governors across fifteen years, the series documents the Ramos privatization era, the Estrada impeachment, and the Arroyo decade without changing a plate. The 2001 year alone appears under both Estrada and Macapagal-Arroyo signatures, reflecting how abruptly the EDSA II transition moved in January of that year.

The serial number color changes — red to black, black to blue — were administrative rather than security decisions, used internally to distinguish print runs rather than signal any redesign. The unlisted 2010–2012 Aquino III dates confirm the series quietly outlasted its intended replacement schedule.

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