New Design Series (NDS) (1985-2017)

When Martial Law was lifted in 1981, the Central Bank started to print and mint an entirely new series of Philippine currency notes and coins which are contemporary and forward looking, adopting the latest trend of anti-counterfeiting features. On June 12, 1985, the BSP issued the New Design Series. After the 1986 People Power Revolution and the new 1987 Constitution was promulgated, the 500-piso banknote with the face of Benigno Aquino, Jr. on the obverse side was introduced.

Overprint: 45th Annual Meeting of the Asian Development Bank Board of Governors
Obverse: Benigno Aquino Jr., icon of Democracy
Reverse: Aquino, as a journalist; the Municipal Building in Concepcion and the Tarlac Provincial Capitol representing the seat of his political career; Study Now, Pay Later Plan, Aquino’s pet bill; a scene from EDSA People Power I and people from various sectors whose hands are interlocked together symbolizing unity and cooperation.
Color Yellow