Last July 9, the Bangko Sentral ng Pilipinas (BSP) started issuing 12 million banknotes with an overprint commemorating 60 years of central banking. The overprint is on all six circulation bank notes: 20-piso, 50-piso; 100-piso; 200-piso; 500-piso; and 1,000-piso.
The BSP explains, "Central banking is a function directly linked with the development of our economy and our nation. It is appropriate therefore that we commemorate this milestone. Central banking started in 1949 when the Central Bank of the Philippines (CBP) started operations following the passage of Republic Act 265. The CBP ended when Republic Act 7653 or The New Central Bank Act gave birth to the Bangko Sentral ng Pilipinas in 1993." source
After the frenzy over the P100 bills with the UP Centennial overprint, more Filipinos have become aware of the value of banknote overprints to collectors.
Note that 10 million copies of the 100-peso bill with the UP centennial overprint were released and people are still selling them today several times their face value. This time, 12 million banknotes with the 60 years of central banking overprint will be issued, distributed among the six circulation notes (P20, 50, 100, 200, 500, and 1000.) That means, only 2 million overprinted notes will be issued for each kind of bill. That's still quite a lot but if everybody hoards these overprinted bills, we might not see too many in circulation.
Get your own overprinted notes now!