Obverse
Portrait of Manuel Roxas "Central Bank of the Philippines" "This note is a liability of the Central Bank and is fully guaranteed by the Government of the Republic of the Philippines" "This note is legal tender in the Philippines for all debts, public and private" "500 Pesos"
Reverse
Image of Former Central Bank Building and a Tree in front "500 pesos"
Security Features
Solid security thread, Red and blue visible fibers
Remarks
After , this banknote was considered demonetized pursuant to Republic Act No. 1191 and 1516