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5000 Piso Central Bank
| Issuer | Bangko Sentral ng Pilipinas |
|---|---|
| Year | 1999 |
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| Reference(s) | KM#283, Schön#129 |
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| Reverse description | The central field features two circular institutional seals placed side by side: at left, the seal of the Central Bank of the Philippines (established 1949), bearing a figurative scene of workers with the legend CENTRAL BANK OF THE PHILIPPINES and the date 1949; at right, the seal of the Bangko Sentral ng Pilipinas (established 1993), displaying a gear motif encircling the Philippine sun and flag with the legend BANGKO SENTRAL NG PILIPINAS and the date 1993. The dates 1949 and 1999 appear in the upper field, marking the fiftieth anniversary of central banking in the Philippines. The commemorative Tagalog legend LIMAMPUNG TAON NG PAGBABANGKO SENTRAL SA PILIPINAS curves around the periphery, with a single five-pointed star at lower centre. |
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| Reverse lettering | LIMAMPUNG TAON NG PAGBABANGKO SENTRAL SA PILIPINAS ★ 1949 1999 CENTRAL BANK OF THE PHILIPPINES BANGKO SENTRAL NG PILIPINAS 1993 (Translation: Fifty years of central banking in the Philippines. Central Bank of the Philippines.) |
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| Additional information |
Issued to mark the 50th anniversary of the Bangko Sentral ng Pilipinas, which was established in 1949 under Republic Act No. 265 — separating the Philippine central bank from the post-war Philippine National Bank structure inherited from the American colonial period. The 1999 date places this squarely in the aftermath of the Asian financial crisis, during which the Philippine peso lost roughly 40% of its value against the dollar and the BSP spent heavily from reserves defending the currency.
Struck in 18-karat gold at 16 grams, the issue was never intended for circulation.