Did You Know the Philippines Has a P100,000 Bill?
Here's how you can get your hands on one.
(SPOT.ph) When it comes to cash, we're used to handling the usual suspects—the P50, P100, and P500 bills that regularly pass through our hands—but did you know that the Philippines has a banknote worth P100,000?
In 1998, the Bangko Sentral ng Pilipinas (BSP) printed P100,000 Centennial Commemorative Notes as a tribute to the bravery and patriotism of Filipino heroes. It was previously the largest legal banknote at 14 inches x 8.5 inches in the Guinness Book of World Records before the title was taken by a slightly larger Malaysian banknote in 2017.
The good news is that this piece of Filipino history is within reach for those with money to spare. The BSP has made this banknote available for purchase as a collectible through its official website. Each one is priced at P100,000, which comes with a certificate of authenticity by the BSP.
Also read: GUIDE: How to Spot a Fake P1,000 Bill
Take a look at the P100,000 Philippine bill
On the front of the note, you’ll find a dramatic depiction of the Sigaw ng Himagsikan led by Andres Bonifacio, the supremo of the Katipunan in the struggle for Philippine Independence in 1896.
On the back of the note, you’re greeted with another historical scene—the proclamation of Philippine Independence by Gen. Emilio Aguinaldo on June 12, 1898 in Kawit, Cavite.
Only 1,000 pieces of this commemorative note were printed by the BSP, making it a rare collector’s item.
Do note that the P100,000 banknote has been demonetized since July 31, 2018, meaning it can’t actually be used or accepted as payment. However, demonetization doesn't necessarily mean the banknote loses all value. For rare ones, demonetization can even increase its value among collectors.
Also read: Why the Philippine Eagle Replaced Heroes in P1,000 Bill
Other money you can buy from BSP
In case you're interested, you can also buy a P100 coin, which pays homage to the historic 1898 declaration of Philippine independence.
Also read: You Can Soon Buy Colored P5, P20, P100 Coins From Bangko Sentral