2008A 500 Piso

Subject: 2008A 500 Piso Sat Jul 17, 2010 6:23 pm

Has anyone seen one of these......

Posts: 30 Points: 6237 Reputation: 0 Join date: 2009-09-04

I apologize for my ignorance. Why do some of our recent notes have "A" suffixes in their dates? Interesting specimen note.

Subject: Re: 2008A 500 Piso Sun Jul 18, 2010 7:47 am

Hi Kalookan, This is what the BSP has to say about the "A" notes..... “The serial number on Philippine banknotes consists of two (2) alpha and six numerics per denomination. The total number of banknotes per denomination that can be printed with SN A0000001 to SN ZZ1000000 is 600 million pieces. When the actual production of banknotes per denomination exceeds 600 million pieces, the suffix A is added after the year mark in order to avoid duplication of the serial number.” Why couldn't they just change the colour of the serial number from black to red or blue like they use to?

Subject: Re: 2008A 500 Piso Sun Jul 18, 2010 10:23 am

Can't believe my eyes. Never seen one other than this.

Posts: 30 Points: 6237 Reputation: 0 Join date: 2009-09-04

Thank you for the authoritative answer. Of course the other solution would have involved curtailing inflation so annual production for the higher denominations exceeding 600 million notes per year was unnecessary. Very Happy

Subject: Re: 2008A 500 Piso Mon Jul 19, 2010 5:57 am

Kalookan wrote:

Thank you for the authoritative answer. Of course the other solution would have involved curtailing inflation so annual production for the higher denominations exceeding 600 million notes per year was unnecessary. Very Happy

Look on the bright side, there are no more P5 or P10 notes. Otherwise they would have to issue notes with dates like 2008G.