The Philippine five-peso note (5) is a denomination of

Philippine currency. Philippine president Emilio Aguinaldo is

featured on the front side of the bill, while the Declaration of the
Philippine Independence is featured on the reverse side. This
banknote was circulated until the Bangko Sentral ng Pilipinas
stopped printing this denomination in 1996 (with the last
production year was 1995 despite that it is the only banknote in
the series to not have a year since the production was stopped
before 1998 and there is no

Emilio Aguinaldo
Republic 1898 Philippine 1st president. At the right is an illustration of a
cannon and of an histocial marker of the First - 1901. year mark below the
denomination) and was replaced by coins.

Declaration of Philippine Independence

Aguinaldo displays the Philippine flag from the balcony of his house and proclaims
independence from Spain to the Filipino masses below

Ended:Apr 11, 2015 , 1:01AM

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New banknote series:

Features new BSP log

6 denominations (20, 50, 100, 200, 500, 1000)

Security thread is wider

Bears a serial number composed of 1 or 2 prefix letters and 6 to 7 digits

which are increasing in size

The reverse side of the new notes features iconic natural wonders and
species that can be found in the country

Old banknote series:

 Features old BSP logo

8 denominations (5, 10, 20, 50, 100, 200, 500, 1000)

Security thread is thinner

Bears a serial number composed of 1 or 2 prefix letters and 6 to 7 digits

which are uniform in size

The reverse side of the old notes features significant events in Philippine
history, iconic buildings and heritage sites

Obverse

Andres Bonifacio Lettering:

REPUBLIKA NG PILIPINAS
ANDRES
BONIFACIO
1994

Translation:
Republic of the Philippines
Andres Bonifacio
1994

Reverse

Palm tree

Lettering:
COCOS
NUCIFERA
2 PISO

Edge

Kimberly V. Raymundo. Mr. Ros

Anthony Nunez
Mary Jane Caliwan. 10-St. Catherine
PROYEKTO SA ARAL. PAN.
A banknote (often known as a bill, paper money, or simply a note) is a type of
negotiable instrument known as a promissory note, made by a bank, payable to
the bearer on demand. Banknotes were originally issued by commercial banks,
who were legally required to redeem the notes for legal tender (usually gold or
silver coin) when presented to the chief cashier of the originating bank. These
commercial banknotes only traded at face value in the market served by the
issuing bank.[2] Commercial banknotes have primarily been replaced by national
banknotes issued by central banks.

National banknotes are generally legal tender, meaning that medium of payment
is allowed by law or recognized by a legal system to be valid for meeting a
financial obligation.[3] Historically, banks sought to ensure that they could always
pay customers in coins when they presented banknotes for payment. This practice
of "backing" notes with something of substance is the basis for the history of
central banks backing their currencies in gold or silver. Today, most national
currencies have no backing in precious metals or commodities and have value
only by fiat. With the exception of non-circulating high-value or precious metal
issues, coins are used for lower valued monetary units, while banknotes are used
for higher values.

The idea of using a durable light-weight substance as evidence of a promise to

pay a bearer on demand originated in China during the Han Dynasty in 118 BC,
and was made of leather.[4] The first known banknote was first developed in China
during the Tang and Song dynasties, starting in the 7th century. Its roots were in
merchant receipts of deposit during the Tang Dynasty (618907), as merchants
and wholesalers desired to avoid the heavy bulk of copper coinage in large
commercial transactions.[5][6][7] During the Yuan Dynasty, banknotes were adopted
by the Mongol Empire. In Europe, the concept of banknotes was first introduced
during the 13th century by travelers such as Marco Polo,[8][9] with European
banknotes appearing in 1661 in Sweden.

A banknote (often known as a bill, paper money, or simply a note) is a type of

negotiable instrument known as a promissory note, made by a bank, payable to
the bearer on demand. Banknotes were originally issued by commercial banks,
who were legally required to redeem the notes for legal tender (usually gold or
silver coin) when presented to the chief cashier of the originating bank. These
commercial banknotes only traded at face value in the market served by the
issuing bank.[2] Commercial banknotes have primarily been replaced by national
banknotes issued by central banks.

National banknotes are generally legal tender, meaning that medium of payment
is allowed by law or recognized by a legal system to be valid for meeting a
financial obligation.[3] Historically, banks sought to ensure that they could always
pay customers in coins when they presented banknotes for payment. This practice
of "backing" notes with something of substance is the basis for the history of
central banks backing their currencies in gold or silver. Today, most national
currencies have no backing in precious metals or commodities and have value
only by fiat. With the exception of non-circulating high-value or precious metal
issues, coins are used for lower valued monetary units, while banknotes are used
for higher values.

The idea of using a durable light-weight substance as evidence of a promise to

pay a bearer on demand originated in China during the Han Dynasty in 118 BC,
and was made of leather.[4] The first known banknote was first developed in China
during the Tang and Song dynasties, starting in the 7th century. Its roots were in
merchant receipts of deposit during the Tang Dynasty (618907), as merchants
and wholesalers desired to avoid the heavy bulk of copper coinage in large
commercial transactions.[5][6][7] During the Yuan Dynasty, banknotes were adopted
by the Mongol Empire. In Europe, the concept of banknotes was first introduced
during the 13th century by travelers such as Marco Polo,[8][9] with European
banknotes appearing in 1661 in Sweden.