History of the Philippine Monetary System

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HalcyonMalachite
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10 Questions

What was the medium of exchange used by early Filipino tribes before the Spaniards arrived?

Barter rings made of gold

Which country's trading system did the precolonial Filipino tribes conduct their businesses and trades similar to?

China

What prompted the early tribes in the Philippines to find a medium of exchange?

Inconvenience of the barter system

What were Piloncitos?

Bead-like gold coins with flat sides

Which explorer brought Spanish silver pesos to the Philippine shores in 1521?

Magellan

Which Spanish ruler's reign saw the circulation of the barilla coin in the Philippines?

Philip V

What was depicted on the Mexican Pillar Dollar, also known as Columnarias?

Twin crowned globes

Under whose presidency was the Philippine Republic born after the country's freedom from Spanish reign?

Gen. Emilio Aguinaldo

What was the first Filipino bank note called when it was printed in 1852?

pesos Fuertes

Which event signalled the start of the Philippine Revolutionary period in 1896?

Cry of Balintawak headed by Andres Bonifacio

Learn about the evolution of the Philippine currency system from the pre-Spanish era to present times, reflecting its rich historical background. Explore the influences of Spanish colonization on the development of the Philippine Peso.

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