The document summarizes the evolution of currency in the Philippines, from gaining independence after World War 2 and using overprinted treasury certificates, to establishing the Central Bank of the Philippines in 1949 and issuing English series notes and coins minted in the US. It then discusses the Filipinization of coins and paper money beginning in the late 1960s, along with new series of notes and coins issued over the decades carrying new designs and logos. The Bangko Sentral ng Pilipinas now acts as the custodian of the country's numismatic heritage.
1. A nation in command of
its destiny is the message
reflected in the evolution
of Philippine money under
the Philippine Republic.
Having gained independence
from the United States
following the end of World
War II, the country used as
currency old treasury
certificates overprinted
with the word "Victory".
With the establishment
of the Central Bank of the
Philippines in 1949, the
first currencies issued
were the English series
notes printed by the Thomas
de la Rue & Co., Ltd. in
England and the coins minted at the US Bureau of Mint. The
Filipinization of the Republic coins and paper money began
in the late 60's and is carried through to the present. In
the 70's, the Ang Bagong Lipunan (ABL) series notes were
circulated, which were printed at the Security Printing
Plant starting 1978. A new wave of change swept through the
Philippine coinage system with the flora and fauna coins
initially issued in 1983. These series featured national
heroes and species of flora and fauna. The new design series
of banknotes issued in 1985 replaced the ABL series. Ten
years later, a new set of coins and notes were issued
carrying the logo of the Bangko Sentral ng Pilipinas.
As the repository and custodian of country's numismatic
heritage, the Museo ng Bangko Sentral ng Pilipinas collects,
studies and preserves coins, paper notes, medals, artifacts
and monetary items found in the Philippines during the
different historical periods. It features a visual narration
of the development of the Philippine economy parallel to the
evolution of its currency.
2. 5 Cents 25 Cents 1 cent
PISO LIMANG PISO SAMPUNG PISO
NEW CIRCULATED COINS OF THE PHILIPPINES
OLD COINS OF THE PHILIPPINES
3. 10 PESOS
Old Monetary Currency of the
Philippines
New Monetary Currency of the Philippines
20 PESOS
50 PESOS
100 PESOS
200 PESOS
500 PESOS
1,000 PESOS
20 PESOS
50 PESOS
100 PESOS
200 PESOS
500 PESOS
1,000 PESOS
4. The euro came into existence on 1 January 1999, although it had been a
goal of the European Union (EU) and its predecessors since the 1960s. After
tough negotiations, particularly due to opposition from the United Kingdom,
the Maastricht Treaty entered into force in 1993 with the goal of creating
an economic and monetary union by 1999 for all EU states except the UK and
Denmark (even though Denmark has a fixed exchange rate policy with the euro).
In 1999 the currency was born virtually and in 2002 notes and coins began to
circulate. It rapidly took over from the former national
currencies and slowly expanded behind the rest of the EU. In 2009 the Lisbon
Treaty finalised its political authority, the Eurogroup, alongside
the European Central Bank.
Old Euro Coins
New Circulated Euro Coins
5. Old Euro Paper Money New Circulated Euro Money
5 EURO
20 EURO
50 EURO
100 EURO
200 EURO
500 EURO
1,000 EURO
6. Presented to the
Basic Finance Adviser
Mr.JuliusBaybado
In partial fullfillment of the
requirements for the degree of
Bachelor of Science in Office
Administration
Prepared by:
Mr.DanteBraulioBaniquedJr.
BSOA IV STUDENT