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Philippine fifty-peso note

From Wikipedia, the free encyclopedia
(Redirected fromPhilippine fifty peso note)
Currency in the Philippines

Banknote
Fiftypesos
CountryPhilippines
Value₱50
Width160 mm
Height66 mm
Security featuresSecurity fibers, watermark, see-through registration device, concealed value, security thread, tactile marks
Material used80%cotton
20%abacá fiber
Years of printing1852–present
Obverse
DesignSergio Osmeña,First Philippine Assembly (1907),Leyte Landing
DesignerStudio 5 Designs[1]
Design date2017
Reverse
DesignTaal Lake,Giant Trevally (Maliputo) (Caranx ignobilis),Batangas weave design
DesignerStudio 5 Designs[2]
Design date2018

ThePhilippine fifty-peso note (Filipino:Limampung piso (formal),singkuwenta pesos (Vernacular)) (₱50) is adenomination ofPhilippine currency.Philippine president and formerHouse SpeakerSergio Osmeña is currently featured on the front side of the bill, while theTaal Lake and thegiant trevally (known locally asmaliputo) are featured on the reverse side.

Thepolymer version, first introduced in December 19, 2024[3] features theVisayan leopard cat on its obverse side while its reverse side has similar design elements with the cotton-abacá version and it will be in circulation starting December 23, 2024, in limited quantities and in the Greater Manila area.[4]

History

[edit]
See also:Banknotes of the Philippine peso andPhilippine peso
This photo of thePhilippine Legislature was used for theNew Generation Currency ₱50 note and is from the U.S.Library of Congress.

Pre-independence

[edit]

Source:[5]

  • Obverse
    Obverse
  • Reverse
    Reverse
  • 1908:Banco Español Filipino (Printed by US BEP)
  • 1912 and 1928:Bank of the Philippine Islands (Printed by US BEP)
  • 1905 and 1916:Philippine Islands Silver Certificates issued with a portrait ofHenry Ware Lawton. (Printed by US BEP)
  • 1920:Philippine National Bank Circulating Note. (Printed by US BEP). This note was never officially issued by the Philippine National Bank. 10,000 pieces were captured and issued duringWorld War II by the Japanese. The others were looted byMoros in the Province ofMindanao who sold them at tenth of their face value.
  • 1918 and 1929:Philippine Islands Treasury Certificates issued with a portrait ofHenry Ware Lawton.
  • 1936 and 1944:Philippine Commonwealth issued Treasury Certificates. (Printed by US BEP). With a portrait ofHenry Ware Lawton. The 1944 (Series No. 66) banknotes had a blue seal and were later overprinted with the word "VICTORY" after the liberation of the Philippines from Japanese rule in 1944.
  • 1949: 50 Peso Bill issues treasury certificates overprinted with the word "VICTORY, CENTRAL BANK OF THE PHILIPPINES".

Version history

[edit]
Philippines
(1936-1941)
Victory Series No. 66
(1944)
Victory-CBP Banknote Series
(1949)
Obverse
Reverse

Independence

[edit]

Osmeña first appeared on the fifty peso note upon the release of thePilipino series notes in 1967.

English series (1951–1974)

[edit]

The obverse features the portrait ofAntonio Luna, a general in thePhilippine–American War. The reverse features a painting of his brother,Juan Luna, depicting theblood compact between Spanish explorerMiguel López de Legazpi andDatu Sikatuna, the chieftain ofBohol.

Pilipino series (1969–1974)

[edit]

In 1967, Sergio Osmeña replaced the portrait of Luna. The note is now predominantly red in color. On the reverse, it now features theOld Legislative Building. The design of the obverse was later revised, switching the positions of the "50" on the lower right corner with the Central Bank logo on the upper right, the signature of the Central Bank Governor was placed beside the signature of thePresident of the Philippines, the font forRepublika ng Pilipinas was also changed and the textLimampung Piso was made into one line. This design was later used when the Bagong Lipunan series was released in 1973.

Ang Bagong Lipunan series (1973–1996)

[edit]

In 1973, the "Ang Bagong Lipunan" text was added and was overprinted on the watermark area.

New Design series (1985–2018)

[edit]

The bill was completely redesigned and new elements regarding Osmeña's achievement as the first Speaker of the Philippine Assembly, a precursor of the currentHouse of Representatives were shown on the right side, namely, themace and thegavel, the symbols used by thePhilippine Congress. Also on the right side is the Fuente Osmeña located inCebu City, Osmeña's birthplace. The reverse side featured theOld Legislative Building, the home to various legislative bodies of the Philippine government. The banknote was designed by Rafael Asuncion. It was set to be released in 1985 as evidenced with the signature ofPresidentFerdinand Marcos in the banknote, but unused and its release was delayed to 1987 due toPeople Power Revolution.

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

In 1998, starting with red prefix "LJ" after its last batch of without year of printing with the 50 years of Central Banking commemorative bill, the year mark was added at the bottom of the denomination value located at the upper left corner of the obverse.

In 1999, the names of the signatories on the bills were added starting with banknotes featuring the signature of PresidentJoseph Estrada.

Starting with banknotes featuring the signature of PresidentGloria Macapagal Arroyo in October 4, 2001, the name of the Old Legislative Building (Dating Gusali ng Batasan, with the name was located at the lower-left side) on the reverse side was changed to the "National Museum" (Gusali ng Pambansang Museo) and the name was moved at the top of the building, to reflect the turnover made by the Congress of the Philippines to the National Museum. The name of the building's facade was changed from "Executive House" to "National Museum". Also, the serial number was moved at the top of the denomination that was located on the lower left side of the banknote.

New Generation series (2010–present)

[edit]

In 2010, the portrait of Sergio Osmeña was revised, a picture of the first Philippine Assembly and Osmeña and GeneralDouglas MacArthur's landing inLeyte was added on the lower left corner and bottom center of the note respectively. The reverse now features theTaal Lake and thegiant trevally.[6]

In 2017, an updated version of theNew Generation series 50 piso banknote was issued with changes in the font size of the year of issue and the italicization of the scientific name on the reverse side. The text "October 1944" was added after the word "Leyte Landing" on the obverse.[7]

In 2020, an enhanced version of the 50 peso banknote was released. It added one pair of tactile marks for the visually impaired, on both 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 Ferdinand Marcos Jr. and BSP Governor Felipe Medalla.

Version history

[edit]
English Series
(1951–1971)
Pilipino Series
(1969–1974)
Ang Bagong Lipunan Series
(1973–1996)
New Design/BSP Series
(1985–2018)
New Generation Currency Series
(2010–present)
Obverse
Reverse

First Philippine Polymer series (2024–present)

[edit]
50-Piso First Philippine Polymer series banknote
ImageDimensionsMain ColourDesignYear of First IssueUsage in circulation
ObverseReverseObverseReverse
160 mm × 66 mmRedVisayan leopard cat (Prionailurus bengalensis rabori), Vidal's Lanutan (Hibiscus campylosiphon)Taal Lake inBatangas;Caranx ignobilis,maliputo (giant trevally); Batangas embroidery designDecember 19, 2024In limited circulation
For table standards, see thebanknote specification table.

Commemorative issues

[edit]

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

  • 100th Birth Anniversary of Sergio Osmeña commemorative bill - In 1978, the Bangko Sentral ng Pilipinas introduced 50-peso banknotes with an overprint for the birth centenary of former PresidentSergio Osmeña. The words, "IKA-100 TAONG KAARAWAN 1878-1978" ("100th Birth Anniversary 1878-1978") are placed near the portrait.
  • 50 years of Central Banking commemorative bill - At a last batch of the banknote not having a year mark with red initial letters "J", "K" and "L" from "LA" TO "LH" in 1998, the Bangko Sentral ng Pilipinas introduced the 50-peso banknotes with an overprint commemorating 50 years of central banking. The overprint shows the Old BSP Building inIntramuros and the New BSP Complex inMalate,Manila. It appears on the watermark area in red. The second version, released on the central bank's 50th anniversary in 1999, has printing year and with the signature of President Joseph Estrada.
  • 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.
  • 45th ASEAN celebration commemorative note - A total of 10 million pieces bearing theASEAN logo were released into general circulation to commemorate the 45th ASEAN Day celebration held on August 10.[8][9] Souvenir copies containing an uncut sheet of four notes were presented to the nine members of ASEAN during the celebrations.
  • San Pedro Calungsod canonization commemorative note - On February 4, 2013, theBSP announced the release of a special limited edition note featuring the new Filipino saint,Saint Pedro Calungsod, this note was scheduled to be released on April 2, 2013, the month that the Philippines will celebrate the first feast of Calungsod as a saint. The overprint features a portrait of Pedro Calungsod, the dates 1672–2012, the words "St. Pedro Calungsod Canonization" and the quote "LIFE THAT IS OFFERED FAITH THAT IS PROCLAIMED".[10][11][12][13][14][15]
  • Philippine Deposit Insurance Corporation 50th Anniversary commemorative note - Issued on June 20, 2013, to commemorate the 50th Anniversary of the state deposit insurerPhilippine Deposit Insurance Corporation (PDIC). The blue overprint consists of their logo and its customer philosophy "Committed to serve".[16][17]
  • Trinity University of Asia 50th Anniversary commemorative note - Issued to celebrate the 50th Anniversary ofTrinity University of Asia. The commemorative note consists of the seal and the words "TUA @ 50: ACHIEVING OUR GOLDEN DREAMS".[18]

Printing years

[edit]
Banknote seriesYearPresident of the PhilippinesBSP Governor
English Series1951–1953Elpidio QuirinoMiguel Cuaderno Sr.
1953–1957Ramon Magsaysay
1957–1960Carlos P. Garcia
1961–1962Diosdado P. MacapagalAndres V. Castillo
Pilipino Series1969–1970Ferdinand E. MarcosAlfonso Calalang
1970–1972Gregorio S. Licaros
Ang Bagong Lipunan Series1973–1981
1981–1984Jaime C. Laya
1984–1985Jose B. Fernandez Jr.
New Design Series1985 (unused)
1987–1990Corazon C. Aquino
1990–1992Jose L. Cuisia Jr.
1992–1993Fidel V. Ramos
1993–1998Gabriel C. Singson
1998–1999Joseph Estrada
1999–2001Rafael B. Buenaventura
2001–2004Gloria Macapagal Arroyo
2005–2010Amando M. Tetangco Jr.
2010–2013Benigno S. Aquino III
New Generation Currency Series2010–2016
2016–2017Rodrigo Duterte
2017–2019Nestor Espenilla Jr.
2019–2022Benjamin E. Diokno
2022–2023Bongbong MarcosFelipe M. Medalla
2024–presentEli M. Remolona Jr.
First Philippine Polymer Series2024–present

Notes

[edit]
  1. ^Esquire Magazine: How To Make Money
  2. ^Esquire Magazine: How To Make Money
  3. ^BSP unveils new polymer banknotesGMA News Online December 19, 2024. Retrieved on December 19, 2024.
  4. ^President Marcos Receives New Polymer Banknote Series from BSPBangko Sentral ng Pilipinas. December 19, 2024. Retrieved on December 19, 2024.
  5. ^Shafer, Neil (1964).A Guide Book of Philippine Paper Money. Racine, WI: Whitman Publishing Co. pp. 29,74–76,94–95,105–106.
  6. ^Cory, Ninoy together again on new 500-peso bill, Jam Sisante, GMANews.TV, December 16, 2010
  7. ^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
  8. ^Philippines new 50-peso ASEAN commemorative note confirmed BanknoteNews.com. Retrieved August 10, 2012.
  9. ^A press release on the issuance of the commemorative 50-peso note dated August 8, 2012 Department of Foreign Affairs (www.dfa.gov.ph). Retrieved August 10, 2012.
  10. ^St. Pedro Calungsod commemorative bill out soon Philippine Information Agency. February 4, 2013. Retrieved on February 4, 2013.
  11. ^Bishops approve special 'San Pedro bills'Sun Star Cebu. February 2, 2013. Retrieved on February 5, 2013.
  12. ^Philippines new 50-peso San Pedro Calungsod commemorative reported BanknoteNews.com. February 5, 2013. Retrieved on February 6, 2013.
  13. ^St. Pedro Calungsod commemorative banknote out soon Pinoy Numismatist Network (pinoynumismatistnetwork.wordpress.com). February 10, 2013. Retrieved on February 14, 2013.
  14. ^50 Peso Canonization of St. Pedro Calungsod Overprint date 2013 confirmed Pinoy Numismatist Network (pinoynumismatistnetwork.wordpress.com). May 5, 2013. Retrieved on May 6, 2013.
  15. ^Philippines new 50-peso St. Pedro Calungsod commemorative reported BanknoteNews.com. May 5, 2013. Retrieved on May 8, 2013.
  16. ^Philippines new 50-peso PDIC commemorative note confirmed BanknoteNews.com. June 28, 2013. Retrieved on June 28, 2013.
  17. ^BSP issues 50-peso commemorative bills to commemorate PDIC'S 50th yearPhilippine Deposit Insurance Corporation (www.pdic.gov.ph). Retrieved on June 28, 2013.
  18. ^Philippines new 50-peso TUA commemorative note confirmed BanknoteNews.com. September 7, 2013. Retrieved on September 7, 2013.
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