Features the oath taking of the President Joseph Ejercito Estrada at Barasoain Church on June 10, 1998. It also shows the scroll of the Malolos Constitution with the inscription "September 15, 1898" and the Barasoain Church in the background.
Features the reenactment of the declaration of Philippine Independence at Aguinaldo's Shrine in Kawit, Cavite on June 12, 1898 of former President Fidel V. Ramos to mark the Centennial of Philippine Independence, with the logo of Philippine Centennial Commission.
This 2,000-piso Centennial Commemorative banknote launched in December 1998 is legal tender . The BSP issued only 300,000 pieces of this 216 mm by 133 mm commemorative banknote.