August 28, 2011

Sto. Tomas...then UP, now Ateneo...what's next?

The year of 2011 is the year of overhauls and overprints of the current Philippine notes. The most controversial of which, is the issue behind some landmarks of the country and the proper way of writing scientific names, the portrait of figures who were made to look younger, the unattractive and eye sore bright colors, and so on. Most controversial among the changes is the phrase placed on the face of the banknote itself aside from the confusion it brought to the public as they became unfamiliar with the association of the notes color with its face value.

Bangko Sentral Ng Pilipinas (BSP) quickly withdrew the notes and instead of revising the notes errors has instead re-issued the previous design and just changed the signatories to the current President of the Republic and the current Governor of the Central Bank, Benigno S. Aquino III and Amando M. Tetanco Jr respectively.

Last July, BSP issued the 100-piso bill which bears the overprinted logo of the University of the Philippines College of Law in celebration of the 100 years of Excellence in Law (1911-2011) of the premier public educational system of the country. This is the second time, BSP issued 100-piso bills which bears an overprinted logo of the institution as the University of the Philippines system itself celebrated its 100th year foundation day last 2008.

This month of August, BSP again issued another 100-piso overprint but this time with the logo of the Ateneo De Manila College of Law as the institution itself celebrates its 75th year foundation day( 75 YEARS ATENEO LAW SCHOOL AD MAJOREM DEI GLORIAM).

The 100 pesos which bears the date 2011 (similar to P194), but with blue 75 YEARS ATENEO LAW SCHOOL and the latin phrase AD MAJOREM DEI GLORIAM ("FOR THE GREATER GLORY OF GOD") overprint on the watermark area.

This is the third time this year that BSP notes hosted the foundations of the leading educational institutions in the country, earlier this year the University of Sto. Tomas foundation day was hosted on the 200-piso bills as they celebrate their 400-year foundation.

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