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Bangko Sentral Launches P5,000 Lapu-Lapu Bill, Commemorative Medal


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SkyMan

P5K, Maybe we can get larger pulls from ATMs now? (soon? someday?)

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The front of the P5,000 bill that commemorates the victory of Lapu-Lapu in the Battle of Mactan. Courtesy Bangko Sentral ng Pilipinas

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The back of the P5,000 bill that commemorates the victory of Lapu-Lapu in the Battle of Mactan. Courtesy Bangko Sentral ng Pilipinas

 

 

https://news.abs-cbn.com/business/01/18/21/bangko-sentral-launches-p5000-lapu-lapu-bill-coin?fbclid=IwAR2_TCOCv81DYTYFXWNkiRj53l0HM-ddfRkztHepFBy-tnnx-ohBOQa5eZM

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Bangko Sentral launches P5,000 Lapu-Lapu bill, commemorative medal

MANILA (UPDATE) - The Bangko Sentral ng Pilipinas launched Monday a commemorative P5,000 banknote and medal in honor of the 500th anniversary of Lapu-Lapu’s victory in the Battle of Mactan.

The banknote launch also kicks off a 99-day countdown to the actual anniversary this year.

BSP Deputy Governor Francisco Dakila spoke at the launch, discussing the features of the Lapu-Lapu banknote.

It includes an image of Lapu-Lapu on its front, a Philippine Eagle on its back, and the usual security features of the other piso banknotes. It also depicts the Karaoka, a Filipino warship used during the time of Lapu-Lapu; a coconut tree, the fruit of which was fed to Ferdinand Magellan and his crew, and Mount Apo.

Although legal tender, the P5,000 banknote is not for circulation and will only be available for purchase by the public.

The BSP will issue a separate advisory in March 2021 for the guidelines on the purchase of the commemorative banknote.

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The commemorative medal made primarily of silver features the Lapu-Lapu shrine in Cebu on its front, and the battle of Mactan and the date "27 April, 1521" on its back.

“The BSP and National Quincentennial Committee (NQC) have collaborated on this commemorative banknote and medal to celebrate the heroism of Lapulapu and his warriors, and to familiarize the present generation with the country’s rich pre-colonial history,” Dakila said.

BSP to demonetize P100,000 and P2,000 commemorative bills

Executive Secretary Salvador Medialdea received a commemorative banknote and medal on behalf of President Rodrigo Duterte, who also shared a few words, encouraging all Filipinos to emulate the heroism of Lapu-Lapu, in a recorded video message.

The event was held at the Fort San Antonio Abad, in the BSP Complex in Manila.

BSP officer-in-charge Dakila delivered the message at the event in place of Governor Benjamin Diokno, who is recovering from a medical procedure performed yesterday to address a blood clot.

The clot was caused by a minor head accident. No further details were given.

I guess it's just kind of a commemorative thing but I imagine the cost for it is P5K.  The only thing is that if you cash one for someone else and it turns out to be fake, you have no recourse.  Too bad, they need a larger bill.

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Salty Dog

 

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Salty Dog

 

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Headshot

What are the dimensions of this new 5000p note? It appears to be radically different from the other notes used in the Philippines. If so, you won't be able to get these from an ATM at all.

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Salty Dog
17 minutes ago, Headshot said:

What are the dimensions of this new 5000p note? It appears to be radically different from the other notes used in the Philippines. If so, you won't be able to get these from an ATM at all.

 

1 hour ago, SkyMan said:

Although legal tender, the P5,000 banknote is not for circulation and will only be available for purchase by the public.

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Chris24

5k Lapu-lapu note?   Sounds fishy.......

Edited by Chris24
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Dafey
4 hours ago, SkyMan said:

Maybe we can get larger pulls from ATMs now?

Yeah...I want to go to JolliBee as their 1st customer of the morning and hand them a 5K note

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aabel

History about battle killing Magellan, is the location of Mactan Shrine correct?

A friend of mine, very historical interested asked this question. According to his information from the 1521-log, did the ships of Magellan sail for some 10 hours from the Cebu City area.

That gives a much longer distance than to Mactan. Could the battle happened on Mactang? Mactang is a beach on Camotes Islands and is at a distance like 10 hours voyage by sail from Cebu. I think nobody really knows. And you will not be popular if you ask a filippino.

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Dafey
14 hours ago, aabel said:

the ships of Magellan sail for some 10 hours from the Cebu City area.

That gives a much longer distance than to Mactan

Probably visited the Whale Sharks in Oslob. If you figure in traffic the timing for the round trip sounds right

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