Commemorative notes are being issued by the Bangko Sentral ng Pilipinas (BSP) to memorialize an event of historic significance to the country. Usually, these are in limited volume, set apart from the banknotes intended for circulation and overprinted with an emblem or text descriptive of the theme or occasion being celebrated. In 1998, when the Philippines celebrated 100 years of independence from Spanish rule, the BSP issued commemorative notes specially designed `for the occasion which were made bigger than the circulation notes. In fact, the 100,000-piso Centennial Commemorative Note was recorded as the largest banknote in 1998 in the Guinness Book. The following are the commemorative banknotes which the BSP has issued since 1990:
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