BSP, National Museum to launch new P50 note

The National Museum of the Philippines and the Bangko Sentral ng Pilipinas (BSP) will launch a new P50 note on Oct. 5 in celebration of the National Museum Centennial.

Lawyer Armando Suratos, deputy governor of the Resource Management and Security Plant Complex, and Antonio Cojuangco, chairman of the National Museum Board of Trustees, will be the guests of honor.

They will be welcomed by acting executive director Cecilio Salcedo and staff of the National Museum.

The new P50 note features the National Museum main building (old Congress building) on the reverse side now labeled as "Gusali ng Pambansang Museo" with "National Museum" inscribed in the edifice. On the front are the signatures of President Arroyo and BSP Governor Rafael Buenaventura.

"We wholeheartedly thank President Arroyo, the Monetary Board, Governor Buenaventura, and the staff of the BSP for supporting the National Museum. The issuance and circulation of the new P50 note will be beneficial in raising the people’s awareness about the National Museum and its colorful 100-year history," Salcedo said.