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500 Piso Central Banking

Issuer Bangko Sentral ng Pilipinas
Year 2009
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Currency Piso (1967-date)
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Obverse description Front-facing bust of Benigno 'Ninoy' Aquino Jr. at left centre, flanked by a national flag vignette at centre and the bank seal at right centre; a dove appears at right alongside a typewriter vignette at lower right, with a facsimile of Aquino's signature at right. A commemorative overprint marking the 60th anniversary of central banking in the Philippines is applied at left.
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Reverse lettering LIMANDAANG PISO 500
(Translation: Five hundred pesos)
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Comments

The P#204 series was printed entirely in-house at the BSP's Security Plant Complex — one of relatively few central banks in Southeast Asia to have brought currency production fully under state control rather than contracting to De La Rue or another commercial security printer. The facility in Quezon City has handled Philippine note production since 1978, and by 2009 the Complex had accumulated enough experience that the 500 Piso required no foreign technical assistance.

The 500 Piso denomination has historically been a workhorse note in Filipino daily commerce — large enough to matter, too common to hoard.

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