Philippines peso notes are issued by Bangko Sentral ng Pilipinas (Philippine Central Bank) for distribution in the Philippines. The smallest number of legal tender in the wide circulation is 20 pesos and the largest is 1,000 pesos. The front side of each banknote displays prominent people along with buildings, and events in the country's history while the opposite side describes buildings and animals. While denominations of 5 and 10 pesos have been simultaneously offered in coins in recent years, the 5- and 10-peso notes have not been demonetized.
Video Banknotes of the Philippine peso
History of Philippine banknotes
On May 1, 1852, the first commercial bank in the Philippines, El Banco Espaà ± à ± ol Filipino de Isabel 2A issued the following denominations initially 10, 25, 50 and 200 peso fuertes (powerful pesos). They were used until 1896.
First First Philippine Republic
The revolutionary republic Emilio Aguinaldo ordered the publication of 1, 2, 5, 10, 25, 50, 100-peso banknotes signed by Mr. Pedro A. Paterno, Telesforo Chuidan and Mariano Limjap to avoid counterfeiting. However, only paper money 1 and 5 pesos has been printed and circulated to some areas at the end of the First Republic of short-lived.
American Period
In 1903, the United States Colonial Government issued Silver Certificates in denominations of 1, 2, 5, 10, 20, 50, 100 and 500 pesos, backed by US silver or gold coins with a fixed interest rate of 2: 1. In 1908 , El Banco Espaà ± a ol The Philippines is permitted to print the following denominations of paper money with the text in Spanish: Cinco (5), Diez (10), Veinte (20), Cincuenta (50), Cien (100) and Dos Cientos ( 200) Pesos. In 1912, the bank was renamed the Bank of the Philippine Islands (BPI) and subsequently issued the same banknotes in English.
In 1918, the Silver Certificate was replaced by a Financial Certificate issued with government support for bonds issued by the United States Government in the following denominations: One, Two, Five, Ten, Twenty, Fifty, One Hundred Five Pounds. In 1916, the National Bank of the Philippines (PNB) was formed to manage state-owned shares and print paper bills without any quota from the Philippine Assembly. They print banknotes in denominations of 1, 2, 5, 10, 20, 50 and 100 pesos. During World War I, the PNB issued emergency records printed on the cardboard in the following denominations: 10, 20, 50 centavos and 1 peso. Also overprinted BPI Notes in Five, Ten and Twenty Pesos due to lack of currency.
The Commonwealth of the Philippines issued a Financial Certificate with a new government seal but still circulated banknotes of BPI and PNB.
The Japanese government issues Philippine Philippine Fiat
Maps Banknotes of the Philippine peso
Banknote issued by Bangko Sentral ng Pilipinas
English series
The first banknote published by Bangko Sentral ng Pilipinas today (formerly "Central Bank of the Philippines") was VICTORY-CBP Overprints in 1949, which is just overprint of the older American paper money. The first official banknote series to be printed was the English Series in 1951.
The English Series is a Filipino banknotes circulating from 1949 to 1969. It is the only Philippine peso paper series to use English as a language.
Pilipino series
The Pilipino Series banknote is the name used to refer to Philippine banknotes issued by the Philippine Central Bank from 1969 to 1977, during the time of President Ferdinand Marcos. It was replaced by Ang Ang Bagong Lipunan banknote, which shares the same design. The lowest denominations of this series are 1-piso and the highest is 100-piso.
This series represents a radical change from the English series. This bill underwent Filipinization and design changes.
Ang Bagong Lipunan series
The Ang Bagong Lipunan Series (literally "The New Society Series") is the name used to refer to Philippine banknotes issued by the Central Bank of the Philippines from 1978 to 1986 It was replaced by the New Design Series of banknotes. The lowest denomination of this series is 2-piso and the highest is 100-piso.
Following the declaration of Proclamation No 1081 by President Ferdinand Marcos on September 23, 1972, the Central Bank will conduct a Demonstration of the Series English banknotes in 1974, in accordance with Presidential Decree 378. All unpublished Philippine Series notes (excluding one peso notes) are sent back to the De La Rue plant in London for overprinting the watermark area with the words "ANG BAGONG LIPUNAN" and the geometrical safety oval design. One peso charge is replaced with a two-peso bill, which features the same elements of the Pilipino series as a one-peso billonized bill.
On September 7, 1978, the Security Printing Plant in Quezon City was inaugurated to produce paper money.
Paper money is still a valid payment instrument even after the introduction of the New Design Series paper bill, but is rarely used after the EDSA Revolution. The paper money was finally demoonized on February 2, 1996 (but still redeemable with a valid tender currency to the Central Bank until February 1, 1996) after clamors that paper money could be used to purchase votes for the 1992 Presidential Election.
New Design/BSP series
In 1983, the Committee decided to issue a new banknote to replace Ang Ang Bagong Lipunan by issuing seven new banknotes consisting of 5, 10, 20, 50, 100, 500, and 1000-pesos notes.
On June 12, 1985, the Central Bank issued a New Design Series that began with a new 5-peso paper bill with Emilio Aguinaldo's face. The following months, a new 10-peso paper bill with the face of Apolinario Mabini. On March 3, 1986, a new 20-peso paper bill appeared. After the 1986 Revolutionary Power of the People and the newly announced 1987 Constitution, the Central Bank issued 50, 100- and for the second time a new 500-peso paper bill with the face of Benigno Aquino, Jr. In 1991, Central Bank published for the first time a new 1000-peso paper bill, containing portraits of JosÃÆ'Ã… © Abad Santos, Josefa Llanes Escoda and Vicente Lim.
After the passing of the New Central Bank Act of 1993, the New Design Series, which began in 1985, was slightly changed due to a new seal from Bangko Sentral ng Pilipinas. In 1998, the 100,000-pesos 100,000-cent note, measuring 8.5 "x 14", was accredited by the Guinness Book of World Records as the world's largest legal tender record. It was published in a very limited number during the Centennial Independence Independence celebration. In 2001, Bangko Sentral issued 1000, 500, and 100-pesen banknotes that were upgraded with new high-tech security features to combat counterfeiting. During the Estrada Administration, a practice used since the Commonwealth, to reproduce the Philippine President's signature on the legend of "President of the Philippines" was ignored in order to explicitly name the president. In 2002, Bangko Sentral issued a new 200-peso banknote with security features found on the 1000, 500 and 100-peso notes that were updated and had the face of former President Diosdado Macapagal. Her daughter, Gloria Macapagal-Arroyo, was behind a 200-peso paper bill showing she was inducted into the office at EDSA Shrine. He is the first president whose image has been included in banknotes when in office since the emergency currency was issued by various provincial currency councils during World War II.
The series was renamed to BSP Series in 1993 when Bangko Sentral ng Pilipinas was rebuilt as a central monetary authority.
The New Design Series has fewer security features. (only visible fibers, value panels, security threads and watermarks.)
The BSP Series adds more security features like other shiny security threads, colored strips, fluorescent printing, optical variable ink, and micro print.
This banknote is a valid payment instrument along with New Generation Currency until the end of 2015, when the series New Currency becomes a single circulation set. New Design/BSP series ceased to be a valid tender on 30 June 2017 and deleted on 29 December 2017.
New Generation Currency Series (current)
In 2009, Bangko Sentral ng Pilipinas announced that it would launch a massive redesign for banknotes and coins to further enhance its security features and to increase its durability. Members of the numismatic committee include Bangko Sentral Deputy Governor Diwa Guinigundo and Dr. Ambeth Ocampo, chairman of the National Historical Institute. Designed by Studio 5 Systematic Design and Design, this new banknote design features famous Filipinos and iconic natural wonders. The national symbol of the Philippines will be depicted with coins. The BSP began releasing an initial batch of new banknotes in December 2010. The word used in the bill is "Pilipino" given at Baybayin (????????). On December 16, 2010, a new design for Philippine banknotes was released. The font used for the letter in the banknote is Myriad, while the numbers are set in the Twentieth Century font. On December 16, 2016, the BSP announced that it would launch a set of banknotes bearing the signature of President Duterte. BSP initially released five million new 20, 50, 100, 500, and 1,000-peso banknotes with Duterte's signature. As for the 200-peso bill, only two million pieces were released due to lower demand for this denomination.
The New Generation Currency Series will be the only set of outstanding notes on December 30, 2017.
In 2017, BSP updated the design of the NGC series banknotes with the following changes:
- Changed the signature of BSP Governor Amando Tetangco Jr. to the newly appointed governor of Nestor Espenilla Jr. (all banknotes)
- Increases the font size for the year of publication (all banknotes)
- Include scientific name on the back (all banknotes)
- Replaces images of Aguinaldo Shrine and Barasoain Church on the front side of 200 banknotes with scenes of the Philippine Declaration of Independence and the opening of Malolos Congress respectively.
- The text "October 1944" was added after the word "Leyte Landing" on the front of 50 banknotes
- The order of the Lakandula Medal and the phrase "Medal of Honor" is removed on the front side of 1000 banknotes
Security
- Stack of ink on all left-top numbers (20, 50, 100, 200, 500, 1000) - All banknotes
- Rough Texture - All banknotes
- Hidden Value - All banknotes
- Watermark - All banknotes
- Translucent enrollment tool - All banknotes
- 4mm Security Thread - 100, 200, 500, and 1000 Peso notes
- 2mm Security Thread - 20 and 50 Pesos note
- Optical Variable Device Patch - 1000 notes and 1000 Pesos
- Optical Variable Ink - 1000 Peso note
- UV Light - All Banknotes
Error
Several errors have been found on the New Generation series banknotes and have become a mockery on social networking sites. Among these are Batanes exceptions from the Philippines map behind all the denominations, misinterpretations of the Puerto Princesa Subterranean Underground River on the opposite of the 500-peso bill and the Tubbataha Reef on a 1000-peso bill, and mistakenly coloring the beak and feathers of the green-planted parrot on the money paper 500 pesos. The scientific names of the animals displayed on the back side of all the banknotes are also wrong.
According to Design Systemat, the new draft law, a draft prepared by the company of the new 500-peso bill shows the red half of the blue-vegetable parrot. This color is altered by the printer to take into account practical printing problems. The designers further explained that printing paper money is not like printing brochures. Due to intalgio printing and limited printing capabilities of banknote printers, it can produce only limited full-color reproduction.
The alleged mislocation of Tubbataha Reef on a thousand peso notes is due to security features, smaller versions of the species shown on reverse bills (which are also displayed on all banknotes denominations) are located above the exact location of the Tubbataha Reef on the map. Providing the option to move key security features at standard positions or locate Tubbataha correctly, French billing printers, Oberthur Technologies, decided to move the coral marker a little south on the Philippines map.
Higher denominations
The Central Bank of Philippines (Bangko Sentral ng Pilipinas) issued only 300,000 pieces of legal warnings worth of 216 million x 133 mm. Another version, with the same design but measured at 160 x 66 mm, was also planned to be issued as an official payment instrument in 2001, but due to President Joseph Estrada's dismissal as a result of the Second EDSA revolution (EDSA People Power II), the notes stored in the vault Bangko Sentral ng Pilipinas. In 2010, the bank is considering destroying most of the unpublished records (known as the "New Millennium" or "Erap" notes), storing only 50,000 of the five million pieces to be demonetized for "history, education, numismatics, or other purposes". But it was not until 2012 that the bank began selling this numismatic product in a folder that clearly stipulates that the record is not a valid payment instrument.
The front side marks President Joseph Estrada took his oath of office on 30 June 1998 at the historic Barasoain Church, the first democratic center of Asia in the background and the roll of Malolos Constitution and its seal. BSP (Bangko Sentral ng Pilipinas).
The reverse side illustrates the re-enactment of the Philippine Declaration of Independence at Aguinaldo Temple at Kawit, Cavite on June 12, 1898 by President Fidel V. Ramos and also featured the logo of the Hundred Years Commission of the Philippines.
The safety features of this note include a 3-dimensional portrait of water portraits of two presidents and 1898-1998, colorful ribbons, shifting colors of security windows, images of latent and perfectly translucent register.
The 100,000-peso centennial note, measuring 215 x 360 mm, has been accredited by the Guinness Book of World Records as the world's largest legal tender record in terms of size. 1,000 pieces were issued during the centennial celebration of Philippine independence in 1998.
References
External links
- Philippine Paper and Coins
- Philippine Coins & amp; Update
- Philippine currency during World War II
Source of the article : Wikipedia
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