Philippine five-peso note


The Philippine five-peso note was a denomination of Philippine currency. Philippine president Emilio Aguinaldo is featured on the front side of the note, while the Declaration of the Philippine Independence is featured on the reverse side. This banknote was circulated until the demonetization of main banknotes under the New Design Series on January 3, 2018. Its printing was stopped when it was replaced by the BSP Series five-peso coins, also featuring Aguinaldo, in June 1995.

History

Pre-independence

Independence

English series (1951–1974)

Features the portraits of Marcelo H. Del Pilar and Graciano Lopez-Jaena, two important figures of the Propaganda movement before the Philippine revolution, on the obverse. The reverse features the official newspaper of the propaganda movement, the La Solidaridad.

Pilipino series (1969–1974)

In 1967, Andres Bonifacio replaced the portraits of Del Pilar and Lopez-Jaena. The note is now predominantly green in color. On the reverse, it now features the scenario of how to be a member of the Katipunan through signing a contract by their own blood. The design of the obverse was later revised, the font for the text Republika ng Pilipinas and Limang Piso was changed, the color of the portrait of Bonifacio was changed from brown to green and geometric lines were added on the sides and the watermark area of the bill. This design was later used when the Bagong Lipunan series was released in 1973.

Ang Bagong Lipunan series (1973–1996)

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

[New Design series] (1985–2018)

In 1985, the bill was completely redesigned and Emilio Aguinaldo replaced Bonifacio in this series. The NHCP historical marker in the Malolos Cathedral indicating the foundation of the First Philippine Republic in Filipino language, which Aguinaldo became its president) along with a cannon can be seen on the right side of the obverse. On the reverse, a scene from the Declaration of the Philippine Independence is featured. This was previously featured on the reverse of the Ang Bagong Lipunan series two peso banknote. 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 June 1995, the printing of this banknote was stopped after the Bangko Sentral ng Pilipinas released the new BSP Series ₱5 coin denomination on that same month. Because of this, it is the only banknote in the New Design/BSP Series to do not feature the printing year as it was only implemented in 1997 and 1998 when production for the five peso note was already stopped two to three years earlier. Only 303,000,000 banknotes were produced at the time when the BSP Series name is now used which were printed from July 1993 to June 1995, with the notes using the letters "MQ" in red text and 1993 logo being the last prefix used and batch of banknotes printed during its production.
However, existing banknotes, along with 10 peso banknotes, continued to be seen commonly in circulation from 1995 to 2004, and from 2004 until the demonetization of main banknotes under the New Design Series on January 3, 2018, it still had a liability of the BSP although now rarely circulated.

Version history

Commemorative issues

Throughout its existence, the five peso bill was often overprinted to commemorate certain events, namely: