Philippine Centennial Celebration
RP to Issue World's Largest Banknote

    The Philippines will issue what it says is the world's largest banknote to mark the centennial of independence from more than 300 years of Spanish colonial rule, officials said yesterday.

    The bill measures 8.5 by 14 inches, the size of American legal paper.

    With a face value of P100,000, it will be formally issued at a ceremony with President Ramos on Friday, said Nestor Garcia, the Central Bank's director for banknotes and securities.

    "It's something for collectors. We want to have something rare for the Centennial."

    Garcia said 1,000 of the notes were printed in Germany. Each contains 21 security codes, making it hard to counterfeit, he added.

    The government will apply to the Guinness Book of World Records for the note to be recognized as the world's largest legal tender, he said.

    The notes are currently priced at P180,000 pesos but will cost P200,000 after the launch, Garcia said. Profits will be used to fund events for the June 12 centennial celebration.

    The front of the bill depicts the "Cry of Pugadlawin", when about 1,000 Filipino patriots led by Andres Bonifacio gathers in Pugadlawin, on august 23, 1896. They tore up their Spanish-issued residence certificates and yelled "Long live the Philippines", signalling the start of a revolt against Spain.

    The reverse side features the proclamation of the Philippine Declaration of Independence in Kawit, Cavite on June 12, 1898.


    The Philippine Star, page 7. Thursday May 21, 1998

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