Banknotes News/Philippines/2024
2024

500 Piso

Philippines · Bangko Sentral ng Pilipinas
Philippines 500 Piso

The Philippines 500 Piso 2024 polymer banknote represents a historic shift in Philippine currency, introducing the nation's first polymer banknote series announced on December 19, 2024. The note features the Visayan spotted deer on its obverse, symbolizing clarity and sharpness, alongside the Acanthephippium mantinianum, an endemic Philippine orchid representing beauty through its distinctive fragrant yellow flowers with red stripes. The reverse depicts the UNESCO World Heritage-listed Puerto Princesa Subterranean River National Park, the blue-naped parrot endemic to the Philippines, and traditional southern Philippine weave designs reflecting indigenous craftsmanship. Manufactured on advanced polymer substrate, the banknote lasts approximately seven and a half years compared to paper bills' eighteen-month lifespan. The introduction of polymer currency represents a significant upgrade in durability and security technology for the Philippines.

Highlights
ReasonHistoric introduction of Philippine first polymer banknote series with enhanced durability and modern security features
DesignFront: Visayan spotted deer and Acanthephippium mantinianum orchid; Reverse: Puerto Princesa Subterranean River National Park, blue-naped parrot, traditional southern Philippine weaves
Security featuresDynamic value panel with color-shifting ink, transparent windows with advanced security printing, latest anti-counterfeiting measures for polymer technology
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