Paper heroes meet polymer wildlife

Two Wallets, One Peso

The Philippines did not replace one banknote family overnight. It let a familiar paper wallet and a new wildlife cast circulate side by side.

A Philippine cash drawer can now tell two stories at once. The paper New Generation Currency series carries national figures and celebrated places, while the First Philippine Polymer Banknote Series moves animals and ecosystems to the front. Both are genuine money. The trick is to recognise the shared colours, then notice whether the note bends like paper or springs back like polymer.

The quick answer The familiar paper series has 20, 50, 100, 200, 500 and 1,000-peso notes. The polymer series has 50, 100, 500 and 1,000-peso notes in the same colours and sizes as their paper counterparts. Paper notes remain legal tender and continue to circulate. The everyday coin set includes 1, 5, 10 and 20 pesos.
Meet the PHP

Paper money

Philippine cash now mixes hero-led paper notes with a new wildlife polymer family, all keeping the familiar orange, red, violet, green, yellow and blue colour ladder.

Checking the latest reference rate...

Four animals now share the till with four paper portraits

PHP 50Visayan leopard catPHP 100Palawan peacock-pheasantPHP 500Visayan spotted deerPHP 1,000Philippine eaglePHP 20Paper note + peso coinPHP 200Paper note only

The colour still works when the material changes

BSP kept the polymer values the same size and colour as the paper notes. Violet still points toward 100, yellow toward 500 and blue toward 1,000. That continuity helps at a busy counter, but colour should begin the check rather than finish it. Read the value and inspect several security features as well.

The 20 and 200 tell the transition story

THE SERIES CHECKSIX PAPER VALUES, FOUR POLYMER VALUES
PHP 20 paperLegal tender, leaving by natural attrition
PHP 20 coinThe durable everyday replacement
PHP 200 paperLegal tender, no polymer version
Other paper notesStill circulate beside polymer

Polymer turned the wallet into an ecosystem

The new series is more than a material change. Its fronts feature threatened or culturally important Philippine species, while the wider design celebrates native plants, regional weaving and natural landmarks. The 1,000-peso note began the experiment with the Philippine eagle; the complete four-note family followed in December 2024.

Clear windows are clues, not decoration

Polymer allows transparent security windows, raised print, tactile dots and features that change when a note is tilted. On paper notes, look for the watermark, security thread, raised print and concealed or optically variable details. BSP recommends checking several features instead of relying on one portrait or one strip.

The coin pocket has a new top value

The 20-peso coin is the bimetallic piece: a warm centre inside a silver-coloured ring. The 10-peso coin reverses that contrast, while the 1 and 5 are single-colour pieces of different sizes. Small sentimo coins also exist, but the explorer concentrates on the four peso coins travellers are most likely to use.

Keep both series in circulation

A shop should not reject a genuine paper note merely because a polymer version exists. Likewise, an older-looking 20 or 200 is not automatically obsolete. If a note is badly damaged or suspicious, take it to a bank rather than passing the uncertainty to the next person.