Beginning with the Philippine Organic Act of 1902 the United States Congress passed a number of so-called organic acts in the American constitutional tradition which acted like constitutions for the colonial Insular Government.
It was named after Apolinario Mabini, an alumnus, principal author of the Malolos Constitution, and the first Prime Minister of the Philippine Revolutionary Government.
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The reverse side of the banknote features the Barasoain Church in Malolos, Bulacan, site of the first Philippine Congress and where the Malolos Constitution was drafted.
The obverse side features President Joseph 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).