500 Piso

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.