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50 Piso PDIC

Issuer Bangko Sentral ng Pilipinas
Year 2013
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Printer Security Plant Complex of the BSP, Quezon City, Philippines (1978-date)
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Obverse lettering REPUBLIKA NG PILIPINAS ANG SALAPING ITO AY BAYARIN NG BANGKO SENTRAL AT PINANANAGUTAN NG REPUBLIKA NG PILIPINAS 50 YEARS 1963 - 2013 PDIC: COMMITTED TO SERVE LIMANG PISO
(Translation: Republic of the Philippines This bill is a debt of the central bank and a responsibility of the Republic of the Philippines Fifty pesos)
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Reverse lettering GUSALI NG PAMBANSANG MUSEO LIMAMPUNG PISO
(Translation: National Museum building Fifty pesos)
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Comments

The Philippine Deposit Insurance Corporation celebrated its 50th anniversary in 2013, and this commemorative issue marks that occasion rather than any monetary policy event. The PDIC was established in 1963 under Republic Act 3591 to protect depositors against bank failures — a function that became painfully relevant during the financial turbulence of the Marcos years and again during the Asian financial crisis of the late 1990s.

Printed entirely in-house at the BSP's own Security Plant Complex, the note reflects the Philippines' long-standing policy of domestic banknote production, a capability the country has maintained since 1978.

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