100 000 Piso Philippine Centennial

Issued to mark the centennial of Philippine independence from Spain, this is one of the largest-denomination commemorative banknotes ever produced by the Bangko Sentral ng Pilipinas — and at 355 × 215 mm, one of the physically largest notes in modern Philippine monetary history. It was never intended for everyday commerce. The 100,000 piso face value, roughly equivalent to around US $2,500 at late-1990s exchange rates, placed it well beyond practical circulation.

Giesecke & Devrient, the Leipzig security printer with continuous operation since 1852, produced the note to exacting commemorative standards. Mintage was deliberately limited, and many examples were sold directly to collectors in presentation packaging by the BSP itself.