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5 Piso Central Bank

Issuer Bangko Sentral ng Pilipinas
Year 1989
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Value 5 Pesos (5 piso) (5 PHP)
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Obverse description A front-facing portrait bust of Emilio Aguinaldo is positioned at left centre, with the Bangko Sentral seal at right centre and a vignette of the Barasoain Church historical marker at far right; a cannon vignette appears at lower right within a multicolour guilloche underprint. A commemorative overprint marking the 40th Anniversary of the Bangko Sentral ng Pilipinas (1949–1989) is applied at left in intaglio.
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Protection type Watermark
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Comments

The Bangko Sentral ng Pilipinas began printing its own notes domestically at the Security Plant Complex in the late 1970s, ending a long dependence on foreign printers — Thomas De La Rue and the American Bank Note Company had handled earlier Philippine issues. P#177 belongs to the first generation of fully domestically produced series, and the quality control debates that surrounded the SPC's early output are well documented among collectors of this period.

Watermark-only security on a circulating note by 1989 was already conservative by international standards, and this denomination was replaced relatively quickly as the BSP moved toward more robust features in the 1990s series.

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