Today Bangko Sentral ng Pilipinas (BSP) Governor and Monetary Board Chairman Amando Tetangco, Jr. presented the new designs of peso bills to President Benigno S. Aquino III.
The new 20,50, 100,500 and 1000 peso bills does not just has new look, BSP also added new security features to easily detect fake once to real money. The old peso bills will remain in circulation three years after the new ones are introduced but will be phased out after.
The president gladly accepted the new change, specially in the 500 peso bill where the late Pres. Corazon Aquino is now added with her husband Senator Benigno Aquino Jr.