LANGATO, JUSTIN RON, A, SEPT. 18, 2012 History of Philippine Money Philippine money–multi-colored threads woven into the fabric of our social, political and economic life. From its early bead-like form to the paper notes and coins that we know today, our money has been a constant reminder of our journey through centuries as a people relating with one another and with other peoples of the world. Pre-Hispanic Era
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
LANGATO, JUSTIN RON, A, SEPT. 18, 2012
History of Philippine Money
Philippine money–multi-colored threads woven into the fabric of our social, political and economic
life. From its early bead-like form to the paper notes and coins that we know today, our money has
been a constant reminder of our journey through centuries as a people relating with one another and
with other peoples of the world.
Pre-Hispanic Era
Trade among the early Filipinos and with traders from the neighboring islands was conducted
through barter. The inconvenience of barter later led to the use of some objects as medium of
exchange. Gold, which was plentiful in many parts of the islands, invariably found its way into these
objects that included the piloncitos, small bead-likeb gold bits considered by the local numismatists
as the earliest coin of the ancient Filipinos, and gold barter rings.
Younger faces for the personalities were used in these latest Philippine Peso Bills. The Philippine Peso bills’ reverse sides were all changed to feature a landmark, an animal and indigenous
designs. Colors for the most part were retained.
The new 20 peso honors President Manuel L. Quezon, the first elected Philippine President who advocated the adoption of a National Language and worked tirelessly to gain back Philippine Independence.
20 peso bill pictureIn the front of the 20 peso bill is the younger face of former president Manuel L. Quezon
20 peso bill pictureAt the back (sa likod) of the 20 peso gets the Banaue Rice Terraces, a palm civet and a weave from the Cordilleras.
On the reverse of the 20 pesos is the image of the breathtaking Banaue Rice Terraces which have been declared a "World Heritage Site". It also features Palm Civet of Cordilleras that produce one of the best variety of coffee in the world, the "Alamid Coffee
The 50 peso commemorates President Sergio Osmeña who led the Philippines during the critical stage of the end of World War II as well as Philippine transition to a new independent nation.
50 peso billIn the front of this 50 peso bill is the face of Sergio Osmeña
50 peso billIn the reverse side (back) of the 50 peso bill are the Taal lake, a Giant Trevally fish and embroidery from Batangas
On the reverse the 50 peso bill is the Taal Lake, home of the "World's Smallest Active Volcano" and the "Maliputo Fish" that is unique to the place.
The 100 peso pays tribute to President Manuel Roxas who prioritized the crafting of a Central
Bank charger and provided a leadership for the reconstruction of the country from the devastation of the second World War.
100 peso billIn the front of the 100 peso bill is the face of Manuel A. Roxas
100 peso billAt the back of the 100 peso bill are Mayon volcano, a whale shark and an indigenous textile detail from Bicol
In the reverse side of the 100 peso bill, features the near-perfect cone-shape Mayon Volcano and the "Butanding" or whale shark, the largest living fish species in the world today.
The 200 peso is a salute to President Diosdado Macapagal who started land reform and restore the celebration of Philippine Independence to June 12.
200 peso billIn the front of the 200 peso bill is the face of Diosdado P. Macapagal
200 peso billAt the back of the 200 peso bill are the Chocolate Hills, a Philippine tarsier and a design from the Visayas
In the reverse side of 200 peso bill are the unique icons of Bohol, the "Chocolate Hills" and the "Tarsier".
The 500 peso celebrates the champions of Philippine democracy. Senator Benigno Aquino Jr. who stood up against Marshal Law and President Corazon Aquino, the first Philippine Women President who restore democracy after the historic and peaceful People Power Revolution.
500 peso billIn the front of the 500 peso bill are the parents of President Benigno Aquino III. Old faces were maintained with the late former president, Corazon C. Aquino, the only new addition. She joined her husband, the late former senator Benigno "Ninoy" Aquino, Jr
Picture of 500 peso billAt the back of the 500 peso bill are the Subterranean River National Park in Palawan, a blue-naped parrot and a woven cloth design from the Southern Philippines
The P500 bill is historic as it features three Aquinos: the two democracy icons and the signature of their son, President Benigno S. C. Aquino III, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. said at the launch in Malacañang.
The reverse side of the 500 peso bill features the 8 kilometer Puerto Princesa Subterranean River National Park, declared in 1999 as a "UNESCO World Heritage Site".
Finally, the new 1000 peso honors the Philippine War heroes. Chief Justice Jose Abad Santos who was murdered for refusing to cooperate with the Japanese forces. Girl Scout of the Philippines founder, Josefa LLanes Escoda, educator, advocate of women suffrage and civic leader who
showed extraordinary courage by helping prisoners of war. Brigade General Vicente P. Lim, the first Filipino Westpoint graduate who directed guerrilla activities even in his hospital bed.
Picture of 1000 peso billIn the front side of the 1,000 peso bill are the Girls Scouts of the Philippines founder Josefa Llanes Escoda, first Filipino West Point graduate Vicente P. Lim and former Chief Justice Jose Abad Santos .
Picture of 1000 peso billThe reverse side of the 1,000 peso bill are the Tubbataha Reef Marine Park in Sulu, the Pinctada maxima oyster, and a tinalak design from Mindanao.
Other features are the "Tubbataha Reefs National Marine Park", declared by UNESCO as a "World Heritage Site" in 1993 and world famous "South Sea Pearl".