Philippine two-peso note
The Philippine two-peso note (Filipino: Dalawang Piso) (₱2) was a denomination of Philippine currency. On its final release, José Rizal was featured on the front side of the bill, while the Declaration of the Philippine Independence was featured on the reverse side.[1]
| (Philippines) | |
|---|---|
| Value | 2 pesos |
| Width | 160 mm |
| Height | 66 mm |
| Security features | Security fibers, Watermark, Concealed value, Security thread |
| Material used | 90% cotton 10% linen |
| Years of printing | 1903–1983 |
| Obverse | |
.jpg.webp) | |
| Design | José Rizal |
| Design date | 1973 |
| Reverse | |
.jpg.webp) | |
| Design | Declaration of Philippine independence |
| Design date | 1973 |
This banknote was circulated until it was demonetized in 1993. Its printing was ceased in 1983, when it was replaced by coins upon the introduction of the Flora and Fauna coin series.[2]
History
Pre-independence
- 1903: Philippine Islands issued silver certificates.[3] Features a portrait of José Rizal.
| Series of 1903 | Series of 1906 | |
|---|---|---|
| Obverse and Reverse | .jpg.webp) .jpg.webp) |
_Obverse.jpg.webp) _Reverse.jpg.webp) |
- 1916: PNB issued notes.[4] Features a portrait of José Rizal.
- 1918–1929: Philippine Treasury Certificates issued with a portrait of José Rizal.
| Series of 1918 | Series of 1924 | Series of 1929 | |
|---|---|---|---|
| Obverse and Reverse |
- 1937: Philippine Commonwealth issued treasury certificate.[5] Features a portrait of José Rizal. This series were later overprinted with the word "VICTORY" on the reverse after the liberation of the Philippines under Japanese rule in 1944.[6]
- 1949: Philippine Treasury Certificates issued with VICTORY
Version history
| Philippines (1936-1941) |
Victory Series No. 66 (1944) |
Victory-CBP Banknote Series (1949) | |
|---|---|---|---|
| Obverse |  | ||
| Reverse |  |
Independence
- 1951: English series,[7] Features the portrait of José Rizal, the national hero of the Philippines. The reverse features the landing of Ferdinand Magellan in the Philippines in 1521.
- 1973: The denomination was not included upon the introduction of the Pilipino series bills.[8] It was later introduced in the Ang Bagong Lipunan series.[1] The banknote adopts the design elements from the demonetized one peso bill; Rizal's profile is featured on the obverse, and on the reverse, it featured the Declaration of the Philippine Independence. The note is predominantly blue in color.
- 1985: The two peso bill was not included when the New Design series[2] was introduced and was later replaced by coins two years before.[9] The banknote was officially demonetized, together with the other Ang Bagong Lipunan series banknotes on February 2, 1993.
Version history
| English Series (1949–1969) |
Ang Bagong Lipunan Series (1973–1985) | |
|---|---|---|
| Obverse | .jpg.webp) |
|
| Reverse | .jpg.webp) |
Commemorative issues
Throughout its existence, the two peso bill has been overprinted to commemorate certain events:
- Papal visit of Pope John Paul II: In 1981, Bangko Sentral ng Pilipinas issued a commemorative banknote for the visit of Pope John Paul II in the Philippines. The overprint features his coat of arms and around it is "PAGDALAW NG PAPA JUAN PABLO II - PEB 17-22, 1981".[10]
Printing years
| Banknote series | Year | President of the Philippines | BSP Governor |
|---|---|---|---|
| English Series | 1951–1953 | Elpidio Quirino | Miguel Cuaderno Sr. |
| 1953–1957 | Ramon Magsaysay | ||
| 1957–1960 | Carlos P. Garcia | ||
| 1961 | Andres V. Castillo | ||
| 1961–1965 | Diosdado P. Macapagal | ||
| 1970 | Ferdinand E. Marcos | Gregorio S. Licaros | |
| Ang Bagong Lipunan Series | 1973–1981 | ||
| 1981–1984 | Jaime C. Laya | ||
References
- "Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Banknotes - Ang Bagong Lipunan Series". www.bsp.gov.ph. Retrieved November 20, 2018.
- "Bangko Sentral ng Pilipinas - BSP Notes and Coins - Currency in Circulation - New Design Series". www.bsp.gov.ph. Retrieved November 20, 2018.
- Ide, Henry (1907). "The Annals of the American Academy of Political and Social Science". American Colonial Policy and Administration. 30: 27–37. JSTOR 1010630.
- "History - Philippine National Bank". www.pnb.com.ph. Retrieved November 20, 2018.
- Nagano, Yoshiko (April 20, 2015). State and Finance in the Philippines, 1898-1941: The Mismanagement of an American Colony. NUS Press. ISBN 9789971698416.
- "Executive Order No. 25, s. 1944 | GOVPH". Official Gazette of the Republic of the Philippines. Retrieved November 20, 2018.
- "Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Banknotes - English Series". www.bsp.gov.ph. Retrieved November 20, 2018.
- "Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Banknotes - Pilipino Series". www.bsp.gov.ph. Retrieved November 20, 2018.
- "Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Coins - Flora and Fauna Series". www.bsp.gov.ph. Retrieved November 20, 2018.
- "Bangko Sentral ng Pilipinas - BSP Notes and Coins". www.bsp.gov.ph. Retrieved November 20, 2018.
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