The Central Bank came to a decision to upgrade the security features of all banknotes. One of the main reason is to decrease or terminate more-so the fake bills that is circulating in the country today.
The Central Bank of the Philippines will going to lunch our new redesign Philippine Peso Bill. It's new features includes Mrs. Aquino, mother of President Benigno Aquino III, on the P500 bill.
The new design of the P500 bill features the faces of Pres. Cory Aquino and Ninoy Aquino. Jam Sisante
While the image of former President Gloria Macapagal Arroyo will remain on the P200 bill, it will be much smaller and moved to the bottom left corner of the bill. Jam Sisante
These Philippine Peso denomination P20, P50, P100, P200, P500, and P1,000 also have their new designs.