Beruflich Dokumente
Kultur Dokumente
| AR 504
PROF. MELQUIADES ACOMULAR | ECON 1N
Due to the shortage of fractional coins, Gold coins with the portrait of Queen Isabela were
thebarrillas, were struck in the Philippines by order of minted in Manila. Silver pesos with the profile of
the Spanish government. These were the first crude young Alfonso XIII were the last coins minted in
copper or bronze coins locally produced in the Spain.
Philippines. The Filipino term “barya,” referring to
small change, had its origin in barrilla.
Revolutionary Period
General Emilio Aguinaldo, the first Philippine president, was
vested with the authority to produce currencies under the
Malolos Constitution of 1898. At the Malolos arsenal, two types
of two-centavo copper coins were struck. Revolutionary
banknotes were printed in denominations of 1,5 and 10
Pesos. These were hand signed by Pedro Paterno, Mariano
Limjap and Telesforo Chuidian. With the surrender of General
Aguinaldo to the Americans, the currencies were withdrawn
from circulation and declared illegal currency.
American Period
With the coming of the Americans 1898, modern banking,
currency and credit systems were instituted making the
Philippines one of the most prosperous countries in East
Asia. The monetary system for the Philippines was based on
gold and pegged the Philippine peso to the American dollar at
the ratio of 2:1. The US Congress approved the Coinage Act for
the Philippines in 1903.
The coins issued under the system bore the designs of Filipino
engraver and artist, Melecio Figueroa. Coins in denomination of
one-half centavo to one peso were minted. The renaming of El
Banco Espanol Filipino to Bank of the Philippine Islands in 1912
paved the way for the use of English from Spanish in all notes
and coins issued up to 1933. Beginning May 1918, treasury certificates replaced the silver certificates series, and
a one-peso note was added.
One Peso
REYES, SHAIRA E. | AR 504
PROF. MELQUIADES ACOMULAR | ECON 1N
Philippine peso five centavo bill Ang Bagong Lipunan series limang piso
The Filipinization of the Republic coins and paper A new wave of change swept through the Philippine
money began in the late 60's and is carried through coinage system with the flora and fauna coins initially
to the present. In the 70's, the Ang Bagong issued in 1983. These series featured national
Lipunan (ABL) series notes were circulated, which heroes and species of flora and fauna. The New
were printed at the Security Printing Plant starting Design series Philippine banknotes were issued on
1978. June 12, 1985 replaced the ABL series. Security
features of these include a security thread, scattered
REYES, SHAIRA E. | AR 504
PROF. MELQUIADES ACOMULAR | ECON 1N
REFERENCES:
http://www.bsp.gov.ph/bspnotes/hist_curr.asp
http://philmoney.blogspot.com/2008/01/evolution-of-
philippine-currency.html?m=1
Bangko Sentral ng Pilipinas series banknotes
http://kahimyang.info/kauswagan/general-
On December 16, 2010, the New Generation series
blogs/728/11-pieces-of-history-coins-used-by-
were issued, which pay tribute to Filipinos who
filipinos-before-and-during-the-spanish-era
played significant roles in our nation’s history. Also
highlighted are iconic natural wonders and world
http://www.yellow-pages.ph/article/banks-and-
heritage sites of the Philippines.
financial-institutions/pick-up-the-bill