Philippine 500 Peso – 45th Annual Meeting of the Asian Development Bank Overprint
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. 45th Annual Meeting of the Asian Development Bank logo.
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.