The Philippine currency is called the peso.
The BSP (Banko Sentral ng Philipinas, the Central Bank of the Philippines) has the exclusive authority to issue notes and coins and are issued against, and in amounts not exceeding, the assets of the BSP. All notes and coins issued by the BSP are fully guaranteed by the government and are considered legal tender.
The denominations of the currency are as follows.
1 Peso Coin
5 Peso Coin
10 Peso Coin
Although the production of 5-Piso and 10-Piso notes has been discontinued since 1996 and 2002, respectively, they are still considered legal tender.
5 Peso Note
10 Peso Note
20 Peso Note
50 Peso Note
100 Peso Note
200 Peso Note
500 Peso Note
1000 Peso Note
As per the BSP. To detect counterfeit 1000 Peso notes.
To distinguish the genuine 1000-Piso note from the counterfeit, familiarize yourself with the following features.
Elements which remain the same in all versions, inclusive of existing old 1000-piso note:
1. Portrait The composite portrait of Josefa Llanes Escoda, Jose Abad Santos and Vicente Lim appears clean and “life-like”, stands out from the background and made up of well-defined lines.
2. Watermark View through the light the composite portrait of Josefa Llanes Escoda, Jose Abad Santos, and Vicente Lim which sharply appears as a shadow on the clear field area from either side of the note. The contours of its features can be felt by running the fingers over it.
3. Microprinting Verify under the lens, the presence of the finely printed words “Central Bank of the Philippines” in repeated pattern at the lower left side of the face of the note.
4. Security Fibers Red and blue fibers embedded at random at the face and back of the note and can be picked off by a pointed instrument. They are luminous under an ultra-violet light.
5. Embedded Security Thread Vertically embedded in, off center of the note which appears as a continuous line only, when viewed through a transmitted light from either side of the note.
6. Serial Number Composed of 1 or 2 prefix letters and 6 or 7 digits. The letters and numerals are uniform in size and thickness; evenly spaced and well-aligned. They glow under an ultra-violet light
7. Background and Lacework Design Look closely at the multi-colored prints behind the portrait. These are composed of sharp and well-defined lines. The lacework designs near the top and bottom borders are made up of fine, web-like crisscrossing lines that are continuous and traceable even at the intersection.
8. Color Multi-colored but predominantly blue.
9. Fluorescent Printing The 1000 numeral off center on the face of the note seen only under an ultra-violet light in a glowing neon green color.
10. Improved Optically Variable Ink (OVI) The numeral 1000 located at the lower left corner of the face of the note changes in color from green to blue or blue to green depending on the angle of the view.
This feature is also present in the existing 1000-piso note in circulation but lighter in shade and the color changes from green to gray; gray to blue or vice versa.
11. Iridescent Band A glistening gold colored vertical stripe 10 mm wide with the figure 1000 repeatedly printed throughout the length of the band. Appears only in Version 2.
12. Windowed Colorshift with Cleartext Security Thread A 1.4 mm security thread vertically located like “stitches” at the face of the note, changes in color from magenta to green or green to magenta depending on the angle of view, with cleartext “1000” . Appears only in Version 2.