P5K Lapu-Lapu bill, medal up for sale

LIMITED EDITION. Filipinos can now buy the Lapu-lapu commemorative banknotes and medals starting Friday, Feb. 19, 2021. But because they are limited edition pieces the Bangko Sentral ng Pilipinas can cater to only one order submission per person. / THE BSP

THE Bangko Sentral ng Pilipinas (BSP) is now selling both the Lapu-Lapu banknote and the medal to the general public.

This was announced by BSP Gov. Benjamin Diokno during this speech at the Ulat ng BSP sa Bayan on Friday, Feb. 19, 2021.

“We would like to inform the public that they can now buy the Lapu-Lapu commemorative banknotes and medals starting today,” Diokno said.

The P5,000 Lapu-Lapu banknote is for sale for P5,500 while the Lapu-Lapu medal is for sale for P3,500.

BSP, however, said that due to the limited stocks, the central bank cannot guarantee that all orders will be serviced.

“We will also consider only one order submission per person,” it said.

The BSP and the National Quincentennial Committee (NQC) collaborated on the commemorative banknote and medal “to celebrate the heroism of Lapu-Lapu and his warriors and to familiarize the present generation with the country’s rich pre-colonial history,” BSP Officer-in-Charge Francisco Dakila, Jr. said during the launch in January 2021.

The banknote depicts a young Lapu-Lapu, an image of the battle of Mactan, the QCP logo and the Karaoka, the large outrigger warships used by native Filipinos on its obverse.

Meanwhile, the reverse shows the Philippine eagle, or the Manaol, which symbolizes clear vision, freedom and strength; and which embodies the ancient Visayan belief that all living creatures originated from an eagle.

Also featured are the tree of a coconut, which was food the people of Samar provided to Ferdinand Magellan and his crew; and Mt. Apo, which is located in Mindanao, where the circumnavigators finally found directional clues to their intended destination of Maluku or the Spice Island.

On the other hand, the medal features on the obverse the markings, “Lapulapu,” above an image of the Lapu-Lapu Shrine in Cebu and the logos of the QCP and the BSP.

Its reverse shows the markings “Battle of Mactan,” a rendition of the said battle, and the date “27 April 1521.” (JOB)


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