BSP:  CORY  MAY  SOON  JOIN  NINOY  ON  P500 BILL

MANILA,
AUGUST 7, 2009
(PHILIPPINE STAR) By Iris Gonzales - The late former President Corazon Aquino may soon join her slain husband Benigno “Ninoy” Aquino Jr. in a new generation of P500 bills to honor her legacy of restoring democracy in the country.

Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said he has formally proposed that Mrs. Aquino join her husband in the new batch of currency notes to be issued in the next two years.

“I have asked the numismatic committee to consider the proposal to put the portrait of former President Corazon Aquino in the 500-peso bill when designing our new generation currency notes,” Tetangco told a news conference yesterday.

Tetangco noted the numerous proposals to have the Aquino couple in the P500 bill, a day after the former president was laid to rest in a historic funeral procession that saw mammoth support and sympathy from a grieving nation.

The dominantly yellow 500-peso bill with Ninoy Aquino’s portrait was first issued in 1987, a year after his widow became the country’s first woman president after toppling the regime of the late strongman Ferdinand Marcos.

Last month, the BSP announced plans to redesign all bank notes and coins that would be released in the next two years.

The current BSP series consists of seven bank notes and seven coins, with portraits of national heroes and prominent figures and their numerical value in front, and historical landmarks for notes or the BSP logo or name for coins, in the back.

Aside from the Ninoy Aquino 500-peso bills, six bank notes are currently in circulation:

The blue-colored 1,000-peso bill, first introduced in 1991, features World War II heroes Jose Abad Santos, Josefa Llanes Escoda and Gen. Vicente Lim.

The green 200-peso bill, issued in 2002, has former President Diosdado Macapagal and daughter President Arroyo.

The purple 100-peso bill, issued in 1987, features former President Manuel Roxas and the BSP’s main office in Manila.

The reddish 50-peso bill, issued in 1987, features former President Sergio Osmeña and the National Museum, formerly the old Congress building.

The orange 20-peso bill, issued in 1986, has former President Manuel L. Quezon and Malacañang Palace.

The BSP series also includes the brown 10-peso bills, first issued in 1985 with national hero Apolinario Mabini and a 1998 reissue with national hero Andres Bonifacio.

This remains legal tender although it is no longer produced.

The green 5-peso bill, which has revolutionary hero Emilio Aguinaldo, is also out of production but remains legal tender.


Chief News Editor: Sol Jose Vanzi

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