Cory Aquino, the first female president of the Philippines, left an indelible mark not only on the political landscape of the country but also on its currency. As the leader who guided the Philippines through its transition from dictatorship to democracy following the historic 1986 People Power Revolution, Cory Aquino became a symbol of hope, peace, and democratic reform. Her legacy is etched in both the hearts of Filipinos and in the very currency they use every day.
Cory Aquino’s Historic Presidency
Cory Aquino’s rise to power was nothing short of remarkable. In the aftermath of the assassination of her husband, Senator Benigno “Ninoy” Aquino Jr., in 1983, she became the figurehead of the opposition against President Ferdinand Marcos. Her victory in the snap elections and the subsequent nonviolent revolution in 1986 marked the end of two decades of authoritarian rule. Aquino’s presidency (1986-1992) focused on rebuilding democratic institutions, drafting a new constitution, and promoting human rights.
Her humble and peaceful leadership style earned her the admiration of millions, and she became a global icon for democracy. After her passing in 2009, the Philippines honored her contributions by immortalizing her on its currency.
The 500-Peso Banknote: The Aquino Legacy
In 2010, the Bangko Sentral ng Pilipinas (BSP) released a redesigned version of the 500-peso banknote, featuring both Cory Aquino and her husband, Ninoy Aquino, on the front. This move was symbolic, as the 500-peso bill had already carried the image of Ninoy since its introduction in the late 1980s, following his assassination and Cory’s rise to the presidency. By adding Cory to the banknote, the BSP acknowledged the enduring impact of the Aquino family on Philippine democracy.
The 500-peso note serves as a visual representation of the Aquino family’s contribution to the fight for freedom and justice in the Philippines. The design also includes Cory’s signature yellow color, a nod to the yellow ribbon that became synonymous with her peaceful revolution against the Marcos regime. The image of Cory gazing toward Ninoy on the banknote emphasizes their shared struggle for democracy and the sacrifices both made for the country.
Commemorative Coins Honoring Cory Aquino
In addition to banknotes, Cory Aquino was also honored with commemorative coins. After her passing in 2009, the BSP minted a special Cory Aquino commemorative 500-peso gold coin in 2010. This coin was released in limited quantities to mark the 25th anniversary of the People Power Revolution, a pivotal moment in Philippine history. The coin features Aquino’s profile along with the People Power monument, a powerful reminder of her peaceful leadership and the role she played in restoring democracy.
These commemorative coins were not intended for circulation but rather as collector’s items, symbolizing Aquino’s profound legacy. They are highly valued by numismatists and serve as a tangible connection to the transformative events of 1986.
Cory Aquino’s Place in Philippine Numismatics
Cory Aquino’s influence on Philippine currency goes beyond the mere inclusion of her image on banknotes and coins. Her presidency marked a turning point in the country’s history, and the decision to honor her in this way reflects the deep respect Filipinos have for her leadership. By immortalizing Cory on currency, the BSP not only commemorates her as a historical figure but also reminds future generations of the values she stood for—democracy, peace, and moral integrity.
Her inclusion on the 500-peso bill alongside her husband speaks to the significance of the Aquino family’s legacy, and her presence in commemorative coins further solidifies her iconic status in Philippine history. Whether in the wallets of everyday Filipinos or in the collections of numismatists, Cory Aquino’s image on currency ensures that her contributions to the nation will never be forgotten.
Cory Aquino: The First Female President and Her Lasting Legacy on Philippine Currency