Note-worthy Question!

Q: Hello Harv, I am in Pilippines now. My probins Leyte.

I ask why I can never find 200 piso notes here in my country? Why make note but not use? I like green color.

Tnx po, love AskHarv website!

A: Interesting question, dear reader! I have been unable to get accurate information on exactly how many 200 peso notes there are currently in circulation, which means it probably does not exist, but I can answer why the note was created and then subsequently not included in further print-runs.

Once officials released the commemorative note in 2002, it was quickly discovered that it drastically reduced the amount of bribe revenue coming in to police and government officials, as it provided an alternative denomination to the previously well-established and convenient bribe-standard, the p500 note.

This caused many corrupt officials to be unable to feed their families and led to threats of industrial action and work-stoppages.

Interestingly, the government is now considering phasing out the p500 and replacing it with a p720 banknote to boost bribe revenue again.

There is already a design proposed for the new note: