The Bangko Sentral ng Pilipinas (BSP) introduces the ₱5000 Lapu-Lapu commemorative banknote and medal in observance of the 500th anniversary of the Battle of Mactan, 99 days before the actual event.
Image and security features
BSP Officer-in-Charge Francisco Dakila Jr presents the banknote with an image of Lapu-Lapu on the front, a Philippine eagle on the back, and with all the security features of the peso banknotes. Other images portray the Philippine warship Karaoka, which was used during Lapu-Lapu’s time, the battle of Mactan, Mount Apo for providing directional clues to the navigators, and a lone coconut palm that symbolizes sustenance to Ferdinand Magellan and his crew.
The banknote is legal tender but is not intended for circulation. The BSP will release guidelines in March 2021 on the purchase of the Lapu-Lapu banknotes.
The commemorative medal, meanwhile, is made of silver and highlights the Lapu-Lapu Shrine in Cebu on its front and the battle of Mactan with 27 April 1521 engraved on its flip side.
Seeking to strengthen nationalism, raise social consciousness
The 99-day stretch is also an occasion to memorialize the role of the Philippines in the circumnavigation of the globe.
Executive Order No. 55 propels the celebration of the quincentennial of the arrival of Ferdinand Magellan in the Philippines, the victory of Lapu-Lapu in the Battle of Mactan, and other historic events that happened from 1519 to1522. With Republic Act No. 10086, the order seeks to strengthen the people’s nationalism, love of country, respect for its heroes, and pride for the people’s accomplishments reinforcing the importance of Philippine national and local history in daily life with the end view of raising social consciousness.
A reminder of our glorious past
President Duterte delights in seeing Lapu-Lapu and the Mactan warriors featured on the commemorative items, that on a video message he said, “Indeed if we are 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.”
“Now more than ever with the global crisis brought about by the pandemic we need a stark reminder of our glorious past. Now more than ever we need our heroes to remind us of our heritage and to inspire us to overcome whatever challenges come our way as a nation,” says Dakila Jr during the commencement of the 99-day countdown at the Fort San Antonio Abad in the BSP Complex, Manila.
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Executive Secretary Salvador Medialdea, after receiving a commemorative banknote and medal on behalf of President Rodrigo Duterte, in his speech encouraged all Filipinos to emulate the bravery of Lapu-Lapu.
Victory and humanity collaboration
The BSP and the National Quincentennial Committee (NQC) collaborated on the commemorative banknote and medal project “to celebrate Lapu-Lapu and his warriors and to familiarize the present generation with the country’s rich pre-colonial history,” Dakila Jr said.
In July 2020 the BSP launched the new generation currency banknotes, which features recent technology against counterfeiting.
Featured image: The Lapu-Lapu banknote and medal, tokens in the commemoration of the Quincentennial of the Battle of Mactan. Photo courtesy BSP