The Bangko Sentral ng Pilipinas (BSP), released the 5000-Piso Lapu-Lapu Commemorative Banknote last Friday, the 17th of January.

This commemorative note was launched in honor of the 500th  anniversary of Lapu-Lapu’s victory in the Battle of Mactan.

Lapu-Lapu is a Filipoino hero who vanquished Portuguese conquistador Ferdinand Magellan and his army in their attempt to colonize Mactan Island. 

The new banknote will be the second highest currency denomination ever issued by the central bank, after the limited edition P100,000 bill made for the Philippines centennial year in 1998.

The P5,000 banknote is not for circulation and will only be available for purchase by the public, but it will be a legal tender.

The frontside depicts

  • a portrait of Lapu-Lapu
  • an image of the battle of Mactan
  • the logo of the BSP and QCP and
  • the Karaoka or the large outrigger warships used by indigenous Filipino communities.

The backside depicts:

  • the Philippine eagle, or the Manaol, which symbolizes clear vision, freedom and strength.
  • the tree of a coconut — the food the people of Samar gave to Ferdinand Magellan and his crew.
  • Mount Apo

The BSP will issue a separate advisory in March 2021 for the guidelines on the purchase of the commemorative banknote.

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