Philippine 500 PESO
New Design Series “Seal Type 4” Issue (1987-1994)
New Design Series “Seal Type 5” Issue (1995-present)
1998 ► Introduction of year mark.
1999 ► Names of banknote signatories were added
2001 ► Introduction of iridescent band & stitched security thread.
Obverse: Bust portrait of Benigno Aquino, Jr., features two popular quotes from Aquino: “Faith in our people and faith in God”, and “The Filipino is worth dying for”, under which is signed his nickname, “Ninoy”. and a typewriter with his initials (“B.S.A.J.”), and a dove of peace.
Reverse: features a collage of various images in relation to Aquino, showing him, inter alia, as a journalist for the Manila Times, a senator (the pioneer of the Study Now, Pay Later education program), the mayor of his hometown of Concepcion, the governor of Tarlac, and as the main driving force behind the People Power Revolution of 1986.
According to the Banko Sentral ng Pilipinas (BSP), so as not to waste the remaining inventory of paper and ink still stocked inside the Quezon City-based Security Printing Complex (SPC), they will continue to print both the old banknote series of the Philippine currency, called New Design Series (NDS) and the new series, called New Generation Currency (NGC), until 2013. The call for fully replacing NDS is expected to be made by the end of 2013.