The Central Bank of the Philippines issued only 300,000 pieces of this 216mmx133mm 2,000 Philippine piso centennial commemorative legal tender banknote.The obverse side features President Joseph Ejercito Estrada taking his oath of office on June 30, 1998 in the historic Barasoain Church, the seat of the first democratic republic in Asia shown in the background as well as the scroll of the Malolos Constitution and the seal of the BSP (Bangko Sentral ng Pilipinas).
The security features of the note include a 3-dimensional cylinder mould-made portrait watermark of the two presidents and the years 1898-1998, iridescent band, colour-shift windowed security thread, latent image and perfect see-through register.
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