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Philippine BSP Series currency notes
The Bangko Sentral ng Pilipinas Series or BSP Series of currency notes is the sixth and current set of notes to be issued for circulation in the Philippines. It was first introduced on July 3, 1993 by the Bangko Sentral ng Pilipinas (BSP) which replaced the Central Bank of the Philippines pursuant to Republic Act No. 7653 or the ''New Central Bank Act''.
This series features the portraits of national heroes and former presidents of the nation. The high-denomination notes of PHP100, PHP200, PHP500 and PHP 1000 were modified with anti-counterfeiting measures including a windowed security thread and iridescent band in 2001 and 2002.
==Background==
The BSP Series mainly carried over designs of the New Design Series issued in 1985. The banknote's obverse featured the portrait of either a national hero (e.g. Benigno Aquino, Jr. on the PHP500) or a former presidents (e.g. Manuel L. Quezon on the PHP20). While the reverse featured The series has a total of eight denominations in general circulation; the denominations of PHP5 and PHP10 were carried forward until they were replaced by coins respectively in 1995 and 2000. Printing of the said denominations discontinued in 1996 and 2002 respectively; however are still legal tender.
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