Wealth

The New P5,000 Bank Note Features Lapu-Lapu

There's also a medal to commemorate the 500th anniversary of the Battle of Mactan.
IMAGE Facebook / BSP
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This year, the Philippines is commemorating the 500th anniversary of Magellan’s landing in the Philippines. We all know the story of how Lapu-Lapu and his warriors killed the Spanish explorer and drove out his men in the Battle of Mactan that happened on April 27, 1521.

The Bangko Sentral ng Pilipinas (BSP) and the National Quincentennial Committee (NQC) are marking the significant moment in our history through a commemorative P5,000 bank note and medal, which was launched on Monday (January 18). The launch also kicked of the countdown 99-day countdown to the 500th anniversary of the “Victory at Mactan.”

Photo by Facebook / BSP.

Photo by Facebook / BSP.
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“The BSP and NCQ have collaborated on this commemorative banknote and medal to celebrate the heroism of Lapu-lapu and his warriors, and to familiarize the present generation with the country’s rich pre-colonial history,” said BSP Officer-in-Charge Francisco Dakila, Jr.

Because they are commemorative, the bank notes cannot be used as legal tender to purchase items, the BSP said.

In addition to an image of Lapu-Lapu, the obverse side of the P5,000 bank note features a Karaoka or a warship used by native Filipinos.

Photo by Facebook / BSP.

The reverse side bears an image of the Philippine eagle and Mount Apo, the country’s highest mountain.

The medal, meanwhile, features the warrior hero on the obverse, and the Battle of Mactan on the reverse side.

BSP Officer-in-Charge (OIC) Francisco Dakila, Jr. (center) and Senior Assistant Governor Dahlia D. Luna (right) presented the banknote and medal to Executive Secretary Salvador C. Medialdea (left)

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Photo by Facebook / BSP.

Dakila and Senior Assistant Governor Dahlia D. Luna presented the banknote and medal to Executive Secretary Salvador C. Medialdea (left), who received the items on behalf of President Rodrigo Duterte.

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Paul John Caña
Associate Editor, Esquire Philippines
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