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THE PROPOSED NEW 500 PESO BILL




Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said he has formally proposed that Mrs. Aquino join her husband in the new batch of currency notes to be issued in the next two years.

“I have asked the numismatic committee to consider the proposal to put the portrait of former President Corazon Aquino in the 500-peso bill when designing our new generation currency notes,” Tetangco told a news conference yesterday.

Tetangco noted the numerous proposals to have the Aquino couple in the P500 bill, a day after the former president was laid to rest in a extraordinary funeral procession that shows massive support and sympathy from a grieving nation.

While deputy Governor Diwa Guinigundo, who heads the central bank’s numismatic committee said,“With her great contribution to the cause of Philippine freedom, there is every reason to consider her in the 500-peso note.”

A spokesman for President Gloria Arroyo said any proposal to declare the late president a national hero like her husband will be studied.

The 500 peso bill, in the yellow hue associated with the 1986 EDSA People Power Revolution with Ninoy Aquino, started circulation in August 1987.