Philippine one thousand-peso note: Difference between revisions
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==== [[New Design series]] (1991–2012) ==== |
==== [[New Design series]] (1991–2012) ==== |
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The Central Bank of the Philippines introduced the one thousand peso denomination in December 1991.<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]] and [[Bay laurel|laurel leaves]]. The note is predominantly blue in color. The reverse features the [[Banaue Rice Terraces]], [[Manunggul Jar]] cover, and Langgal (a mosque), representing the three islands 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 Central Bank of the Philippines introduced the one thousand peso denomination in December 1991.<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]] and [[Bay laurel|laurel leaves]]. The note is predominantly blue in color. The reverse features the [[Banaue Rice Terraces]], [[Manunggul Jar]] cover, and Langgal (a mosque), representing the three islands 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. |
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After the creation of the [[Bangko Sentral ng Pilipinas]], its new logo was incorporated on all the New Design series bills in 1993. |
After the creation of the [[Bangko Sentral ng Pilipinas]], its new logo was incorporated on all the New Design series bills in 1993. |
Revision as of 08:58, 5 November 2022
(Philippines) | |
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Value | ₱1000 |
Width | 160 mm |
Height | 66 mm |
Security features | Security fibers, watermark, see-through registration device, concealed value, 3D security thread, optical variable device, optically variable ink, tactile marks, rolling bar effect |
Material used | 80% cotton 20% abacá fiber |
Years of printing | 1944–1945; 1991–present |
Obverse | |
Design | José Abad Santos, Vicente Lim, Josefa Llanes Escoda, Centennial celebration of Philippine independence |
Designer | Studio 5 Designs[1] |
Design date | 2022 |
Reverse | |
Design | Tubbataha Reefs Natural Park, South Sea pearl (Pinctada maxima), Mindanao design for T'nalak (Ikat-dyed abaca) |
Designer | Studio 5 Designs[1] |
Design date | 2022 |
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 is currently the only Philippine peso denomination that has a polymer banknote version.
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
Pre-independence
In 1948, 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.
-
Japanese-sponsored Philippine Republic ₱1000 note.
Independence
New Design series (1991–2012)
The Central Bank of the Philippines introduced the one thousand peso denomination in December 1991.[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 and laurel leaves. The note is predominantly blue in color. The reverse features the Banaue Rice Terraces, Manunggul Jar cover, and Langgal (a mosque), representing the three islands 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 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.
New Generation Currency series (2010–present)
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 2018, additional security features in the 1000 peso note, a blue 5mm-wide "3D security thread" (trademarked "Motion" by Crane Currency).[5]
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.
Polymer version (2022)
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.[6][7] 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.[8] Other critics viewed the redesign as the first step in the removal of the portraits of Senator Benigno Aquino and President Corazon Aquino on the 500 peso bill.[9]
1000-Piso New Generation Currency Polymer banknote | ||||||||
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Image | Dimensions | Main Colour | Design | Year of First Issue | Usage in circulation | |||
Obverse | Reverse | Obverse | Reverse | |||||
160 mm × 66 mm | Light 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. |
Version history
New Design/BSP Series (1991–2012) |
New Generation Currency Series (2010–present) | |
---|---|---|
Obverse | ||
Reverse |
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
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 Roa Duterte | ||
2017–2019 | Nestor Espenilla Jr. | ||
2019–present | Benjamin E. Diokno |
References
- ^ a b "HOW TO MAKE MONEY | EsquireMagazine.ph". Archived from the original on 2013-07-19. Retrieved 2013-07-09.
- ^ 1000-peso notes out soon, Manila Standard, December 7, 1991
- ^ Cory, Ninoy together again on new 500-peso bill, Jam Sisante, GMANews.TV, December 16, 2010
- ^ 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
- ^ Laponos, Jose (August 3, 2018). "New 1000 Peso Banknote With 3D Security Thread - PHILIPPINES".
- ^ "Look: There's a new 1,000 Philippine peso bill". gulfnews.com. Retrieved 2021-12-14.
- ^ News, TED CORDERO, GMA. "LOOK: BSP releases new design of P1,000 bill". GMA News Online. Retrieved 2021-12-14.
{{cite web}}
:|last=
has generic name (help)CS1 maint: multiple names: authors list (link) - ^ Rivas, Ralf (2021-12-12). "History at stake: P1,000 redesign angers World War II heroes' families". Rappler. Retrieved 2022-02-19.
- ^ "Redesign of P1,000 bill a prelude to removal of Aquinos from P500? | Inquirer News". 14 December 2021.