Podcast
Questions and Answers
What was the currency used by the Philippines post-World War II?
What was the currency used by the Philippines post-World War II?
Which entity initially issued English series notes for the Philippines printed in England?
Which entity initially issued English series notes for the Philippines printed in England?
When did the 'Filipinization' of coins and notes begin?
When did the 'Filipinization' of coins and notes begin?
What series of notes were introduced in the '70s after the Ang Bagong Lipunan (ABL) series?
What series of notes were introduced in the '70s after the Ang Bagong Lipunan (ABL) series?
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When were a new set of coins and notes featuring the Bangko Sentral ng Pilipinas logo issued?
When were a new set of coins and notes featuring the Bangko Sentral ng Pilipinas logo issued?
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What caused severe inflation during the Japanese Occupation in the Philippines?
What caused severe inflation during the Japanese Occupation in the Philippines?
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Which country brought modern banking, currency, and credit systems to the Philippines during the American Period?
Which country brought modern banking, currency, and credit systems to the Philippines during the American Period?
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Who hand-signed the one-peso and five-peso revolutionary notes during the Revolutionary Period?
Who hand-signed the one-peso and five-peso revolutionary notes during the Revolutionary Period?
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What did the Americans use to peg the Philippine peso to during their period?
What did the Americans use to peg the Philippine peso to during their period?
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What change in 1912 led to English being used instead of Spanish on all Philippine notes and coins?
What change in 1912 led to English being used instead of Spanish on all Philippine notes and coins?
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What were the earliest coins brought by Spanish galleons to the Philippines?
What were the earliest coins brought by Spanish galleons to the Philippines?
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Which Filipino engraver designed the coins minted in denominations from one-half centavo to one peso under the Coinage Act for the Philippines?
Which Filipino engraver designed the coins minted in denominations from one-half centavo to one peso under the Coinage Act for the Philippines?
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Which term in Filipino, referring to small change, originated from the crude bronze or copper coins called barrillas?
Which term in Filipino, referring to small change, originated from the crude bronze or copper coins called barrillas?
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What replaced the silver certificates series starting in May 1918 during the American Period?
What replaced the silver certificates series starting in May 1918 during the American Period?
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What was the name embossed on the first local coins in the Philippines, known to Chinese traders before the Spanish era?
What was the name embossed on the first local coins in the Philippines, known to Chinese traders before the Spanish era?
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During the Spanish Era, what did Manila mint as crude bronze or copper coins due to a shortage of smaller coins?
During the Spanish Era, what did Manila mint as crude bronze or copper coins due to a shortage of smaller coins?
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Which Spanish monarch's portrait was featured on gold coins minted by Manila?
Which Spanish monarch's portrait was featured on gold coins minted by Manila?
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When were the first paper money issued in the Philippines, and by which institution?
When were the first paper money issued in the Philippines, and by which institution?
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Study Notes
Currency and Post-War Period
- The Philippine peso was the currency used in the Philippines post-World War II.
Initial Issuance of Notes
- The English series notes for the Philippines were initially issued by the Commonwealth of the Philippines, printed in England.
Filipinization of Currency
- The 'Filipinization' of coins and notes began in 1966, marking a shift to locally designed currency.
ABL Series
- The Ang Bagong Lipunan (ABL) series notes were succeeded by the Nueva Serye after their introduction in the 1970s.
Current Currency Design
- A new set of coins and notes featuring the Bangko Sentral ng Pilipinas logo was issued in 1993.
Inflation Causes during Japanese Occupation
- Severe inflation during the Japanese Occupation was caused by the overprinting of currency notes.
American Influence on Banking
- The United States brought modern banking, currency, and credit systems to the Philippines during the American Period.
Revolutionary Notes
- The one-peso and five-peso revolutionary notes were hand-signed by Apolinario Mabini during the Revolutionary Period.
Currency Pegging
- During the American period, the Philippine peso was pegged to the United States dollar.
Language Change on Currency
- A change in 1912 mandated the use of English instead of Spanish on all Philippine notes and coins.
Earliest Coins
- The earliest coins brought by Spanish galleons to the Philippines were known as reales.
Filipino Engraver
- The coins minted under the Coinage Act for the Philippines were designed by Filipino engraver Jose I. P. De Leon.
Term for Small Change
- The term "barya," referring to small change in Filipino, originated from crude bronze or copper coins called barrillas.
Replacement of Silver Certificates
- Silver certificates were replaced by the Philippine Treasury Certificate series starting in May 1918 during the American Period.
Local Coins Pre-Spanish Era
- The first local coins in the Philippines, recognized by Chinese traders before the Spanish era, were known as "chavitos."
Copper Coin Minting
- Manila minted crude bronze or copper coins during the Spanish Era due to a shortage of smaller coins, known locally as "cobres."
Spanish Monarch on Currency
- Gold coins minted by Manila featured the portrait of King Ferdinand VI of Spain.
First Paper Money Issuance
- The first paper money in the Philippines was issued in 1903 by the Philippine Islands Government.
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Description
Learn about the two types of notes circulated in the Philippines during the Japanese Occupation: high-denomination war notes and low-denomination guerrilla notes. Explore the impact of these currencies on inflation and the strategies employed by provinces and municipalities in defiance against the occupation.
