PHILIPPINES 100 PISO ARROVO ERROR COMPLETE 3 PREFIX UNC

History of The Philippine Peso

The peso (English and Spanish) or piso (Filipino) is the currency of the Philippines. It is subdivided into 100 centavos (English) or sentimo (Filipino). The ISO 4217 name is "Philippine peso" and the code is "PHP". Before 1967, the language used on the banknotes and coins was English and so "peso" was the name used. The language was then changed to Pilipino (the name of the Filipino language then) and so the currency as written on the banknotes and coins is piso.

The Philippine peso derived from the Spanish silver coin Real de a Ocho or Spanish dollar, in wide circulation in the Americas and South-East Asia during the 17th and 18th centuries, through its use in the Spanish colonies and even in the US and Canada.

Banknotes
In 1852, the Banco Español-Filipino de Isabel 2a issued notes for 10, 25 and 50 pesos fuertes. In 1896, the bank added 5 pesos fuertes notes. The treasury issued notes for 1, 4 and 25 pesos fuertes in 1877.

During the Spanish-American and Philippine-American wars, 1 and 5 pesos notes were issued in the name of the República Filipina.

Between 1903 and 1918, silver certificates were issued, in denominations of 2, 5, 10, 20, 50, 100 and 500 pesos. These were replaced with Treasury Certificates, issued between 1918 and 1941 in denominations of 1, 2, 5, 10, 20, 50, 100 and 500 pesos.

In 1904, the Banco Español-Filipino introduced notes in denominations of 5, 10, 25, 50, 100 and 200 pesos. In 1912, this bank changed its name to the Bank of the Philippine Islands (BPI), continuing to issue notes until 1933. The Philippine National Bank (PNB) issued notes in 1916 in denominations of 2, 5 and 10 pesos, with emergency notes issued in 1917 for 10, 20 and 50 centavos, 1, 5, 10 and 20 pesos. Between 1918 and 1937, the PNB issued notes in denominations of 1, 2, 5, 10, 20, 50 and 100 pesos. These notes were in circulation until 1947.

The Japanese issued two series of notes. The first was issued in 1942 in denominations of 1, 5, 10 and 50 centavos, 1, 5 and 10 pesos. The second, from 1943, was in denominations of 1, 5, 10, 100, 500 and 1000 pesos.

In 1944, Treasury Certificates, featuring the word "Victory" printed on the reverse, were issued to replace all the earlier notes. These were in denominations of 1, 2, 5, 10, 20, 50, 100 and 500 pesos.

In 1949, the Central Bank of the Philippines took over paper money issue. Its first notes were overprints on the Victory Treasury Certificates. These were followed in 1951 by regular issues in denominations of 5, 10, 20 and 50 centavos, 1, 2, 5, 10, 20, 50, 100, 200 and 500 pesos.

In 1967, the CBP adopted the Filipino language on its notes, using the name Bangko Sentral ng Pilipinas, and introduced the "Pilipino Series" of notes in denominations of 1, 5, 10, 20, 50 and 100 piso. The "Ang Bagong Lipunan Series" was introduced in 1973 and included 2-piso notes. A radical change occurred in 1985, when the CBP issued the "New Design Series" with the 500-piso notes introduced in 1987 and for the first-time the 1000-piso notes in 1991.

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