MANILA, Philippines?Delighted with the new P500 bill that bears the images of his late parents alongside his signature, President Benigno Aquino III could only marvel at how ?unprecedented? it all was.

?The last time I checked no other banknote in the world had both parents and child on the same bill,? Mr. Aquino said Thursday at the launch of the new generation of Philippine bank notes at Malacañang.

The new P500 bill had the smiling faces of his mother, President Corazon C. Aquino, and father, the martyred Sen. Benigno ?Ninoy? Aquino Jr. to the left of his signature as President.

Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco said the new P500 bill ?makes history for having on the same banknote both parents with their son?s signature.?

The P500 bill was among the six new generation bank notes presented by the BSP at the Palace.

Evangeline ?Luli? Arroyo-Bernas attended the ceremony, telling reporters she was there for her grandfather and mother, former President and now Pampanga Rep. Gloria Macapagal-Arroyo, whose image, albeit a small one, was added to the P200 bill.

Cameras flashed when Bernas took the stage and shook hands with Mr. Aquino.