BSP launches 5,000-Piso commemorative banknote


The Bangko Sentral ng Pilipinas (BSP) on Monday launched the 5,000-Piso Lapu-Lapu Commemorative Banknote and Silver Commemorative Medal.

This is in line with the 2021 Quincentennial Commemorations in the country which include the 500th Anniversary of the Victory of Mactan.

BSP Officer-In-Charge Francisco Dakila said the victory of the country’s heroes like Lapulapu is a great reminder in the prevailing pandemic.

The image of young Lapu-Lapu, Battle of Mactan, and a Karakoa are seen in the banknote, while the image of the Lapu-Lapu Shrine in Cebu and the logo of the Quincentennial Commemorations in the Philippines are placed in the commemorative medal.

Executive Secretary Salvador Medialdea accepted the banknote for President Rodrigo Duterte.

In a recorded speech, President Duterte said he is “delighted to see Lapu-Lapu”, Mactan warriors, Mt. Apo, and the Philippine eagle in the commemorative items.

“If we are to apply to truly celebrate our rich history as a nation, we need to elevate Lapu-Lapu to a greater standing among the pantheon of Filipino heroes. We therefore dedicate this bank note and this medal to his historical victory in Mactan 500 years ago,” he stated.

The Chief Executive hopes this will inspire Filipinos to embrace their national identity “by embodying Lapu-Lapu’s heroism” in facing challenges ahead. – Report from Naomi Tiburcio, with reports from Mela Lesmoras

Popular

PBBM: PH maintains defense ties with allies without inciting conflict

By Ruth Abbey Gita-Carlos | Philippine News Agency The Philippines will continue strengthening defense cooperation with its allies while ensuring that such engagements remain “purely...

DICT connects Mindanao to National Fiber Backbone

By Raymond Carl Dela Cruz | Philippine News Agency Improved connectivity is now available to hundreds of key government offices in Mindanao as part of...

PBBM: PH still ‘sponsor of peace’ amid goals of deepening ties with Russia

By Brian Campued President Ferdinand R. Marcos Jr. said the Philippines no longer subscribes to a “bipolar power arrangement around the world,” as the country...

PBBM: PH, Russia eye cooperation in nuclear energy, space tech, AI, and oil

By Ruth Abbey Gita-Carlos | Philippine News Agency The Philippines and Russia are considering expanding cooperation in emerging sectors, such as nuclear energy, space technology,...