Banknotes of Philippines

The official currency of the Philippines is the Philippine Peso (PHP), issued by the Bangko Sentral ng Pilipinas (BSP). Paper money was first introduced in the Philippines in 1903, with notes produced by the Philippine Commission. A key moment in the currency's evolution occurred in 1993 when the BSP launched the New Generation Currency series, featuring enhanced security features and updated designs. Collectors are drawn to Philippine banknotes for their vibrant imagery and intricate designs. One specifically notable series is the New Generation Currency series introduced in 2010, which highlights prominent figures from Philippine history, such as national heroes and historical events. The series also incorporates advanced security elements like watermarks and holograms, making it a point of interest for numismatists.