Below are the story told on the banknotes from the Numista website,
P#189c was intended to be issued as legal tender in 2001, but President Estrada was ousted from office that year, so the notes were stored in the vaults of Bangko Sentral ng Pilipinas. As of 2010, the bank was considering destroying the bulk of these unissued notes, saving only 50,000 pieces which would be demonetized for "historical, educational, numismatic and other purposes."
In 2012 that the bank began selling this numismatic product in a folder that clearly stipulates that the notes are not legal tender.
For more information about this banknotes, you may visit Numista website link here. And the price guide at PMG website link here.
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