Only 300,000 of these 216mm x 133mm notes were issued.

Front: Joseph Ejercito Estrada (1937-), 13th President of the Philippines 1998-2001, taking his oath of office on June 30, 1998 in the historic Barasoain Church, the seat of the first democratic republic in Asia.

Back: Re-enactment of the declaration of Philippine Independence at the Aguinaldo Shrine in Kawit, Cavite on June 12, 1998 by Fidel V. Ramos (1928-), 12th President of the Philippines 1992-1998.

Tom Chao's Paper Money Gallery