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{{Short description|Currency denomination}}
{{Infobox Banknote
{{Use mdy dates|date=December 2022}}
| Denomination = One thousand [[Philippine peso|pesos]]|
{{Use Philippine English|date=December 2022}}
| Country = Philippines
{{Infobox banknote
| Value = ₱1000
| Unit =
| denomination = One thousand [[Philippine peso|pesos]]
| Width = 160
| country = Philippines
| Height = 66
| value = ₱1000
| unit =
| Security Features = Security fibers, [[Watermark]], See-through mark, Concealed value, [[Security thread]], Optically variable device, [[Optically Variable Ink|Optically variable ink]]
| Paper Type = 80% cotton<br/>20% abaca fiber
| width_mm = 160
| height_mm = 66
| Years of Printing = 2010&ndash;present
| security_features = Security fibers, [[watermark]], see-through registration device, concealed value, [[security thread|3D security thread]], [[optical variable device]], [[optically variable ink]], tactile marks, rolling bar effect
| Obverse = New PHP1000 Banknote (Obverse).jpg
| paper_type = 80% [[cotton]]<br />20% [[abacá]] fiber
| Obverse Design = [[José Abad Santos]], [[Vicente Lim]], [[Josefa Llanes Escoda]], Centennial celebration of Philippine independence, Medal of Honor
| years_of_printing = 1944–1945; 1991–present<!--Section is used when the denomination was first printed, not the design. -->
| Obverse Designer = Design Systemat<br/> Studio 5 Designs Inc.
| obverse = Philippine Peso PHP₱1000 Bank Note.png
| Obverse Design Date =
| obverse_design = [[José Abad Santos]], [[Vicente Lim]], [[Josefa Llanes Escoda]], [[Philippine Centennial|Centennial celebration of Philippine independence]]
| Reverse = New PHP1000 Banknote (Reverse).jpg
| obverse_designer = Studio 5 Designs<ref name="esquiremagazine1">{{Cite web |url=http://www.esquiremagazine.ph/the-magazine/how-to-make-money |title=HOW TO MAKE MONEY &#124; EsquireMagazine.ph |access-date=July 9, 2013 |archive-date=July 19, 2013 |archive-url=https://web.archive.org/web/20130719191858/http://www.esquiremagazine.ph/the-magazine/how-to-make-money |url-status=dead }}</ref>
| Reverse Design = [[Tubbataha Reef|Tubbataha Reefs Natural Park]], [[Pearl oyster|South Sea pearl]], Mindanao design for Tinalak (Ikat-dyed abaca)
| obverse_design_date = 2022
| Reverse Designer = Design Systemat<br/> Studio 5 Designs Inc.
| reverse = File:PHP 1000 reverse (new).jpg
| Reverse Design Date =
| reverse_design = [[Tubbataha Reef]]s Natural Park, [[Pinctada maxima|South Sea pearl (''Pinctada maxima'')]], Mindanao design for [[T'nalak]] (Ikat-dyed abaca)
| reverse_designer = Studio 5 Designs<ref name="esquiremagazine1" />
| reverse_design_date = 2022
}}
}}


The '''Philippine one thousand-peso note''' ([[Filipino language|Filipino]]: ''Sanlibong Piso'') (₱1000; PHP1000) is a [[Denomination (currency)|denomination]] of [[Philippine peso|Philippine currency]]. It is the largest denomination in general circulation in the Philippines. It was the only Philippine peso denomination that having a [[polymer banknote]] version until December 23, 2024, which are issued polymer banknotes in other denominations.
==Notes==

The cotton-abaca version, features [[José Abad Santos]], [[Vicente Lim]], and [[Josefa Llanes Escoda]] on the front side of the notes, while the [[Tubbataha Reef]]s Natural Park and the [[Pinctada maxima|South Sea pearl]] are featured on the back side of the note.

The [[Polymer banknote|polymer]] version, first issued in April 2022 features the [[Philippine eagle]] on its obverse side while its reverse side has similar design elements with the cotton-abacá version.

== History ==
=== Pre-independence ===

==== [[Japanese government-issued Philippine peso|Japanese government issued series]] ====
Due to [[hyperinflation]] caused by the ongoing event of [[World War II]], the Japanese were forced to issue higher denominations of their fiat peso. The banknotes ceased becoming legal tender after the liberation.

=== Independence ===

==== [[New Design series]] (1991–2018) ====
The [[Bangko Sentral ng Pilipinas]] introduced the one thousand peso denomination in December 1991 during the [[presidency of Corazon Aquino]] and tenure of [[Governor of the Bangko Sentral ng Pilipinas|BSP Governor]] [[Jose Cuisia Jr.|Jose L. Cuisia Jr.]]<ref>[https://news.google.com/newspapers?id=-bxOAAAAIBAJ&sjid=ZgsEAAAAIBAJ&dq=escoda&pg=6390%2C1280214 1000-peso notes out soon], [[Manila Standard]], December 7, 1991</ref> The note features the portraits of [[Chief Justice of the Supreme Court of the Philippines|former Chief Justice]] [[José Abad Santos]]; [[Josefa Llanes Escoda]], civic worker and one of the founders of the [[Girl Scouts of the Philippines]]; and [[Vicente Lim]], a general in the [[Philippine Army]] who was the first Filipino graduate of [[United States Military Academy|West Point]]. The three are considered heroes of the resistance against the [[Japanese occupation of the Philippines]]. The obverse also features the [[eternal flame]] at the ''[[Libingan ng mga Bayani]]'' and [[laurel wreath]]. The note is predominantly blue in color. The reverse features the [[Banaue Rice Terraces]], [[Manunggul Jar]] cover, and Langgal (a mosque), representing the three island groups of the Philippines ([[Luzon]], [[Visayas]], and [[Mindanao]], respectively). This is also the only note for the series that uses [[Optically Variable Ink|optically variable ink]]. The banknote was designed by Romeo Mananquil.

After the creation of the Bangko Sentral ng Pilipinas, its new logo was incorporated on all the New Design series bills in 1993.

In 1998, the year of printing was added at the bottom of the denomination value located at the upper left corner of the obverse.

In 1999, the signature of the [[President of the Philippines|Philippine president]] was moved slightly to the left to accommodate the names of the signatories on the bills and added them starting with banknotes featuring the signature of President [[Joseph Estrada]].

In July 9, 2001, additional security features were added, such as the optically variable ink used for the "1000" on the lower left side of the obverse. Other features that were added are the security thread on the right side and the fluorescent printing on the left side across the portrait. To deplete the BSP's inventory of cotton-linen banknote paper, banknotes featuring the signatures of President [[Gloria Macapagal Arroyo]] and BSP governor [[Rafael Buenaventura]] were introduced earlier than the features mentioned before which makes the only banknote with the 2001 year mark to not feature the signature of President [[Joseph Estrada]].

{| class="wikitable" style="margin:auto; font-size:90%;"
|+
! colspan="9" |1000-Piso New Design Currency Banknote
|-
! colspan="2" | Image !! rowspan="2" | Dimensions !! colspan="2" rowspan="2" | Main Colour !! colspan="2" | Design !! rowspan="2" | <small> Year of First Issue</small>
! rowspan="2" |<small>Usage in circulation</small>
|-
! Obverse !! Reverse !! Obverse !! Reverse
|- style="height:62px"
| style="text-align:center;" |[[File: NDS_obverse_1000_Philippine_peso_bill.jpg|100px]]
| style="text-align:center;" |[[File: NDS_reverse_1000_Philippine_peso_bill.png|100px]]
| style="text-align:center;" | 160&nbsp;mm × 66&nbsp;mm
| style="text-align:center; background:#010080;" |
| Blue
| Portraits of [[Jose Abad Santos]], [[Vicente Lim]] and [[Josefa Llanes Escoda]], The Eternal Flame and Laurel Leaves ([[Bay leaf]])
| [[Banaue Rice Terraces]], [[Manunggul Jar ]]cover and Langgal (mosque)
| December 16, 1991
| Demonetized on January 3, 2018
|-
| colspan="9" |{{Standard banknote table notice}}
|}

==== [[New Generation Currency series]] (2010–present) ====
The portraits of Abad Santos, Escoda, and Lim were revised, and a scene from the [[Philippine Centennial|Centennial celebration of Philippine independence]] was added on the lower left and an image of the [[Order of Lakandula]] medal (mislabeled as the "Medal of Honor") in the lower middle. The reverse now features the [[Tubbataha Reef]]s Natural Park and the [[Pearl oyster|South Sea pearl]].<ref>{{cite news|url=http://www.gmanews.tv/story/208501/cory-ninoy-together-again-on-new-500-peso-bill|title=Cory, Ninoy together again on new 500-peso bill|first=Jam|last=Sisante|website=GMANews.TV|date=December 16, 2010}}</ref>

In 2017, an updated version of the 1000-peso banknote was released with changes in the font size of the year of issue and the italicization of the scientific name on the reverse side. The image of the Order of Lakandula and its description on the front side of the note were also removed.<ref>[http://www.bsp.gov.ph/publications/media.asp?id=4544 BSP Releases New Generation Currency Banknotes with Enhanced Design and the Signature of the Fourth Governor of the Bangko Sentral ng Pilipinas], [[Bangko Sentral ng Pilipinas]], December 5, 2017</ref>

In 2020, an enhanced version of the 1000 peso "New Generation Currency" banknote was released. Four notable changes were made. First, it added color-changing indigenous patterns to the security threads. Second, a rolling bar effect was also added in the 1000 located at the upper-left corner. Third, the 1000 number located at the bottom-left were added with a color-changing feature depending on what angle it is tilted. Finally, ten tactile marks were placed for the elderly and the visually impaired, five tactile marks were placed on the extreme left and right side of the front of the note.

The new BSP logo which was redesigned in January 2021 was adopted in all NGC banknotes starting with the 2022 issued banknotes featuring the signatures of President [[Bongbong Marcos]] and BSP Governor [[Felipe Medalla]].

==== First Philippine Polymer series (2022–present) ====
In mid-2021, the Bangko Sentral ng Pilipinas announced that new [[Polymer banknote|polymer bills]] featuring the flora and fauna of the country will be in circulation. The portraits of Escoda, Abad Santos and Lim were replaced by a portrait of a [[Philippine eagle|Philippine Eagle.]]<ref>{{Cite web|title=Look: There's a new 1,000 Philippine peso bill|url=https://gulfnews.com/business/look-theres-a-new-1000-philippine-peso-bill-1.1639296749735|access-date=December 14, 2021|website=gulfnews.com|language=en}}</ref><ref>{{Cite web|last=Cordero|first=Ted|date=December 11, 2021|title=LOOK: BSP releases new design of P1,000 bill|url=https://www.gmanetwork.com/news/money/economy/814181/bsp-releases-new-design-of-p1-000-bill/story/|access-date=December 14, 2021|website=GMA News Online|language=en}}</ref> Reactions to the design were mixed, with the descendants of Escoda, Abad Santos, and Lim all criticizing the decision as disrespectful to their memory and urging the BSP to retain the three portraits in the new bill.<ref>{{Cite web|last=Rivas|first=Ralf|date=December 12, 2021|title=History at stake: P1,000 redesign angers World War II heroes' families|url=https://www.rappler.com/business/peso-bill-redesign-angers-world-war-ii-heroes-families/|access-date=February 19, 2022|website=Rappler|language=en-US}}</ref> Other critics viewed the redesign as the first step in the removal of the portraits of [[Ninoy Aquino|Ninoy]] and [[Corazon Aquino]] on the [[Philippine five hundred-peso note|500 peso bill]].<ref>{{cite web| url = https://newsinfo.inquirer.net/1527371/redesign-of-p1000-bill-a-prelude-to-removal-of-aquinos-from-p500| title = Redesign of P1,000 bill a prelude to removal of Aquinos from P500? {{!}} Inquirer News| date = December 14, 2021}}</ref>

{| class="wikitable" style="margin:auto; font-size:90%;"
|+
! colspan="9" |1000-Piso First Philippine Polymer series banknote
|-
! colspan="2" | Image !! rowspan="2" | Dimensions !! colspan="2" rowspan="2" | Main Colour !! colspan="2" | Design !! rowspan="2" | <small>Year of First Issue</small>
! rowspan="2" |<small>Usage in circulation</small>
|-
! Obverse !! Reverse !! Obverse !! Reverse
|- style="height:62px"
| style="text-align:center;" |[[File:New 1,000 Peso Polymer Blanknote of the Philippines.jpg|100px]]
| style="text-align:center;" |
| style="text-align:center;" | 160&nbsp;mm × 66&nbsp;mm
| style="text-align:center; background:#6F9CB8;" |
| Blue
| [[Philippine eagle]] (''Pithecophaga jefferyi''), Sampaguita (''[[Jasminum sambac]]'')
| [[Tubbataha Reef]]s Natural Park in [[Sulu Sea]]; ''[[Pinctada maxima]]'', South Sea pearl; Mindanao design for [[T'nalak]] (Ikat-dyed abaca)
| April 18, 2022
| In limited trial circulation
|-
| colspan="9" |{{Standard banknote table notice}}
|}

== Commemorative issues ==
Throughout its existence, the one thousand peso bill have been overprinted to commemorate certain events, namely:

=== ''60 years of Central Banking'' commemorative bill ===
On July 9, 2009, the Bangko Sentral ng Pilipinas introduced 12 million banknotes (2 million banknotes for each denomination) with an overprint commemorating 60 years of central banking. The overprint appears on the watermark area on all six circulating denominations.

== Printing years ==
{| class="wikitable sortable"
|-
! Banknote series
! Year
! [[President of the Philippines]]
! [[Governor of the Bangko Sentral ng Pilipinas|BSP Governor]]
|-
| rowspan="8" | [[New Design Series]]
| 1991–1992
| [[Corazon Aquino|Corazon C. Aquino]] || rowspan="2" | [[Jose L. Cuisia Jr.]]
|-
| 1992–1993
| rowspan="2" | [[Fidel Ramos|Fidel V. Ramos]]
|-
| 1993–1998|| rowspan="2" | [[Gabriel Singson|Gabriel C. Singson]]
|-
| 1998–1999
| rowspan="2" | [[Joseph Estrada]]
|-
| 1999–2000|| rowspan="2" | [[Rafael Buenaventura|Rafael B. Buenaventura]]
|-
| 2001–2004
| rowspan="2" | [[Gloria Macapagal Arroyo]]
|-
| 2005–2010|| rowspan="4" | [[Amando Tetangco Jr.|Amando M. Tetangco Jr.]]
|-
| 2010–2012
| rowspan="2" | [[Benigno Aquino III|Benigno S. Aquino III]]
|-
| rowspan="6" | [[New Generation Currency Series]]
| 2010–2016
|-
| 2016–2017
| rowspan="3" | [[Rodrigo Duterte]]
|-
| 2017–2019|| [[Nestor Espenilla Jr.]]
|-
| 2019–2022|| [[Benjamin Diokno|Benjamin E. Diokno]]
|-
| 2022–2023
| rowspan="2" | [[Bongbong Marcos]]
| [[Felipe Medalla|Felipe M. Medalla]]
|-
| 2024–2025|| [[Eli Remolona|Eli M. Remolona, Jr.]]
|-
| rowspan="3" | First Philippine Polymer series
| 2022
| [[Rodrigo Duterte]]
| [[Benjamin Diokno|Benjamin E. Diokno]]
|-
| 2022–2023
| rowspan="2" | [[Bongbong Marcos]]
| [[Felipe Medalla|Felipe M. Medalla]]
|-
| 2024–present|| [[Eli Remolona|Eli M. Remolona, Jr.]]
|}

== References ==
{{reflist}}
{{reflist}}


{{Philippine peso history}}
{{Philippine peso history}}


[[Category:Banknotes of the Philippine peso]]
[[Category:Banknotes of the Philippines]]
[[Category:One-thousand-base-unit banknotes]]

Latest revision as of 08:39, 23 December 2024

One thousand pesos
(Philippines)
Value₱1000
Width160 mm
Height66 mm
Security featuresSecurity fibers, watermark, see-through registration device, concealed value, 3D security thread, optical variable device, optically variable ink, tactile marks, rolling bar effect
Material used80% cotton
20% abacá fiber
Years of printing1944–1945; 1991–present
Obverse
DesignJosé Abad Santos, Vicente Lim, Josefa Llanes Escoda, Centennial celebration of Philippine independence
DesignerStudio 5 Designs[1]
Design date2022
Reverse
DesignTubbataha Reefs Natural Park, South Sea pearl (Pinctada maxima), Mindanao design for T'nalak (Ikat-dyed abaca)
DesignerStudio 5 Designs[1]
Design date2022

The Philippine one thousand-peso note (Filipino: Sanlibong Piso) (₱1000; PHP1000) is a denomination of Philippine currency. It is the largest denomination in general circulation in the Philippines. It was the only Philippine peso denomination that having a polymer banknote version until December 23, 2024, which are issued polymer banknotes in other denominations.

The cotton-abaca version, features José Abad Santos, Vicente Lim, and Josefa Llanes Escoda on the front side of the notes, while the Tubbataha Reefs Natural Park and the South Sea pearl are featured on the back side of the note.

The polymer version, first issued in April 2022 features the Philippine eagle on its obverse side while its reverse side has similar design elements with the cotton-abacá version.

History

[edit]

Pre-independence

[edit]

Due to hyperinflation caused by the ongoing event of World War II, the Japanese were forced to issue higher denominations of their fiat peso. The banknotes ceased becoming legal tender after the liberation.

Independence

[edit]

New Design series (1991–2018)

[edit]

The Bangko Sentral ng Pilipinas introduced the one thousand peso denomination in December 1991 during the presidency of Corazon Aquino and tenure of BSP Governor Jose L. Cuisia Jr.[2] The note features the portraits of former Chief Justice José Abad Santos; Josefa Llanes Escoda, civic worker and one of the founders of the Girl Scouts of the Philippines; and Vicente Lim, a general in the Philippine Army who was the first Filipino graduate of West Point. The three are considered heroes of the resistance against the Japanese occupation of the Philippines. The obverse also features the eternal flame at the Libingan ng mga Bayani and laurel wreath. The note is predominantly blue in color. The reverse features the Banaue Rice Terraces, Manunggul Jar cover, and Langgal (a mosque), representing the three island groups of the Philippines (Luzon, Visayas, and Mindanao, respectively). This is also the only note for the series that uses optically variable ink. The banknote was designed by Romeo Mananquil.

After the creation of the Bangko Sentral ng Pilipinas, its new logo was incorporated on all the New Design series bills in 1993.

In 1998, the year of printing was added at the bottom of the denomination value located at the upper left corner of the obverse.

In 1999, the signature of the Philippine president was moved slightly to the left to accommodate the names of the signatories on the bills and added them starting with banknotes featuring the signature of President Joseph Estrada.

In July 9, 2001, additional security features were added, such as the optically variable ink used for the "1000" on the lower left side of the obverse. Other features that were added are the security thread on the right side and the fluorescent printing on the left side across the portrait. To deplete the BSP's inventory of cotton-linen banknote paper, banknotes featuring the signatures of President Gloria Macapagal Arroyo and BSP governor Rafael Buenaventura were introduced earlier than the features mentioned before which makes the only banknote with the 2001 year mark to not feature the signature of President Joseph Estrada.

1000-Piso New Design Currency Banknote
Image Dimensions Main Colour Design Year of First Issue Usage in circulation
Obverse Reverse Obverse Reverse
160 mm × 66 mm Blue Portraits of Jose Abad Santos, Vicente Lim and Josefa Llanes Escoda, The Eternal Flame and Laurel Leaves (Bay leaf) Banaue Rice Terraces, Manunggul Jar cover and Langgal (mosque) December 16, 1991 Demonetized on January 3, 2018
For table standards, see the banknote specification table.

The portraits of Abad Santos, Escoda, and Lim were revised, and a scene from the Centennial celebration of Philippine independence was added on the lower left and an image of the Order of Lakandula medal (mislabeled as the "Medal of Honor") in the lower middle. The reverse now features the Tubbataha Reefs Natural Park and the South Sea pearl.[3]

In 2017, an updated version of the 1000-peso banknote was released with changes in the font size of the year of issue and the italicization of the scientific name on the reverse side. The image of the Order of Lakandula and its description on the front side of the note were also removed.[4]

In 2020, an enhanced version of the 1000 peso "New Generation Currency" banknote was released. Four notable changes were made. First, it added color-changing indigenous patterns to the security threads. Second, a rolling bar effect was also added in the 1000 located at the upper-left corner. Third, the 1000 number located at the bottom-left were added with a color-changing feature depending on what angle it is tilted. Finally, ten tactile marks were placed for the elderly and the visually impaired, five tactile marks were placed on the extreme left and right side of the front of the note.

The new BSP logo which was redesigned in January 2021 was adopted in all NGC banknotes starting with the 2022 issued banknotes featuring the signatures of President Bongbong Marcos and BSP Governor Felipe Medalla.

First Philippine Polymer series (2022–present)

[edit]

In mid-2021, the Bangko Sentral ng Pilipinas announced that new polymer bills featuring the flora and fauna of the country will be in circulation. The portraits of Escoda, Abad Santos and Lim were replaced by a portrait of a Philippine Eagle.[5][6] Reactions to the design were mixed, with the descendants of Escoda, Abad Santos, and Lim all criticizing the decision as disrespectful to their memory and urging the BSP to retain the three portraits in the new bill.[7] Other critics viewed the redesign as the first step in the removal of the portraits of Ninoy and Corazon Aquino on the 500 peso bill.[8]

1000-Piso First Philippine Polymer series banknote
Image Dimensions Main Colour Design Year of First Issue Usage in circulation
Obverse Reverse Obverse Reverse
160 mm × 66 mm Blue Philippine eagle (Pithecophaga jefferyi), Sampaguita (Jasminum sambac) Tubbataha Reefs Natural Park in Sulu Sea; Pinctada maxima, South Sea pearl; Mindanao design for T'nalak (Ikat-dyed abaca) April 18, 2022 In limited trial circulation
For table standards, see the banknote specification table.

Commemorative issues

[edit]

Throughout its existence, the one thousand peso bill have been overprinted to commemorate certain events, namely:

60 years of Central Banking commemorative bill

[edit]

On July 9, 2009, the Bangko Sentral ng Pilipinas introduced 12 million banknotes (2 million banknotes for each denomination) with an overprint commemorating 60 years of central banking. The overprint appears on the watermark area on all six circulating denominations.

Printing years

[edit]
Banknote series Year President of the Philippines BSP Governor
New Design Series 1991–1992 Corazon C. Aquino Jose L. Cuisia Jr.
1992–1993 Fidel V. Ramos
1993–1998 Gabriel C. Singson
1998–1999 Joseph Estrada
1999–2000 Rafael B. Buenaventura
2001–2004 Gloria Macapagal Arroyo
2005–2010 Amando M. Tetangco Jr.
2010–2012 Benigno S. Aquino III
New Generation Currency Series 2010–2016
2016–2017 Rodrigo Duterte
2017–2019 Nestor Espenilla Jr.
2019–2022 Benjamin E. Diokno
2022–2023 Bongbong Marcos Felipe M. Medalla
2024–2025 Eli M. Remolona, Jr.
First Philippine Polymer series 2022 Rodrigo Duterte Benjamin E. Diokno
2022–2023 Bongbong Marcos Felipe M. Medalla
2024–present Eli M. Remolona, Jr.

References

[edit]
  1. ^ a b "HOW TO MAKE MONEY | EsquireMagazine.ph". Archived from the original on July 19, 2013. Retrieved July 9, 2013.
  2. ^ 1000-peso notes out soon, Manila Standard, December 7, 1991
  3. ^ Sisante, Jam (December 16, 2010). "Cory, Ninoy together again on new 500-peso bill". GMANews.TV.
  4. ^ BSP Releases New Generation Currency Banknotes with Enhanced Design and the Signature of the Fourth Governor of the Bangko Sentral ng Pilipinas, Bangko Sentral ng Pilipinas, December 5, 2017
  5. ^ "Look: There's a new 1,000 Philippine peso bill". gulfnews.com. Retrieved December 14, 2021.
  6. ^ Cordero, Ted (December 11, 2021). "LOOK: BSP releases new design of P1,000 bill". GMA News Online. Retrieved December 14, 2021.
  7. ^ Rivas, Ralf (December 12, 2021). "History at stake: P1,000 redesign angers World War II heroes' families". Rappler. Retrieved February 19, 2022.
  8. ^ "Redesign of P1,000 bill a prelude to removal of Aquinos from P500? | Inquirer News". December 14, 2021.