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500 Piso

Issuer Bangko Sentral ng Pilipinas
Year 2023
Type Standard circulation banknote
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Obverse description Conjoined right-facing portraits of President Corazon C. Aquino and Senator Benigno S. Aquino, Jr. occupy the left-centre field, with a vignette of the EDSA People Power Revolution of February 1986 at lower left and the Benigno S. Aquino, Jr. monument in Makati City at lower centre. The Bangko Sentral ng Pilipinas seal and the national coat of arms appear at upper centre, set against a multicoloured guilloche underprint.
Obverse lettering REPUBLIKA NG PILIPINAS ANG SALAPING ITO AY BAYARIN NG BANGKO SENTRAL AT PINANANAGUTAN NG REPUBLIKA NG PILIPINAS PINAGPALA ANG BAYAN NA ANG DIYOS AY ANG PANGINOON 500 BENIGNO S AQUINO MONUMENT EDSA PEOPLE POWER I FEBRUARY 1986 LIMANDAANG PISO BENIGNO S. AQUINO JR. CORAZON C. AQUINO 500
(Translation: Republic of the Philippines This bill is a debt of the central bank and a responsibility of the Republic of the Philippines. Blessed are the people that God is the Lord Five hundred pesos.)
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Comments

The abacá content in the paper stock is not incidental. The Philippines is the world's dominant supplier of abacá fiber — a relative of the banana plant cultivated primarily in Mindanao and the Eastern Visayas — and its inclusion in the substrate has been BSP policy since the New Generation Currency series launched in 2010, partly as a deliberate support mechanism for domestic agricultural producers. The Security Plant Complex in Quezon City has printed Philippine banknotes in-house since 1978, one of relatively few central banks in Southeast Asia to maintain full sovereign control over the entire production chain.

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