Week 1-2 part 2 Flashcards
–multi-colored threads woven into the fabric of our social, political and economic life.
Philippine money
small bead-liked gold bits considered by the local numismatics as the earliest coin of the ancient Filipinos
Piloncitos
early Filipinos and with traders from the neighboring islands was conducted through barter.
Pre-Hispanic Era
use of some objects as medium of exchange like (pre-hispanic era)
Gold, Piloncitos, Golden barter rings
rule left many indelible imprints on Philippine numismatics like Alfonsino pesos and copper
Spanish Era (1521-1897)
The first Spanish coin used in our country bore the face of
Queen Isabela of spain
The bronze coin with little known value was known
Hilis kamay
a crude bronze or copper coin worth about one centavo, was the first coin struck in the country
barilla
dollar is considered one of the world’s most beautiful coins.
silver dos mundos or pillar dollar
were the earliest coins brought in by the galleons from Mexico and other Spanish colonies.
cobs or macuquinas of colonial mints
Gold coins with the portrait of Queen Isabela were minted in ?
Manila
Silver pesos with the profile of young ______ ______ were the last coins minted in Spain
young Alfonso XIII
The pesos fuertes, issued by the country’s first what bank?
the El Banco Espanol Filipino de Isabel II,
first paper money circulated in the country.
The pesos fuertes
the Philippine Republic of 1898 under General Emilio Aguinaldo issued its own coins and paper currency backed by the country’s natural resources
Revolutionary Period (1898-1899)
One peso and five peso notes printed as ?
Republika Filipina Papel Moneda de Un Peso and Cinco Peso
. 2 centimos de peso copper were also issued in?
1899
instituted a monetary system for the Philippine based on gold and pegged the Philippine peso to the American dollar at the ratio of 2:1. The US Congress approved the Coinage Act for the Philippines in 1903
The American Period (1900-1941)
Beginning of? ——- , treasury certificates replaced the silver certificates series, and a one-peso note was added.
May 1918
The outbreak of World War II caused serious disturbances in the Philippine monetary system. Two kinds of notes circulated in the country during this period. (guerrilla notes or resistance currencies)
The Japanese Occupation (1942-1945)
Having gained independence from the United States following the end of World War II, the country used as currency old treasury certificates overprinted with the word —–
victory
With the establishment of the Central Bank of the Philippines in ——
1949
new wave of change swept through the Philippine coinage system with the** flora and fauna** coins initially issued in ——–
1983
Two currencies circulated on Japanese occupation
(guerrilla notes or resistance currencies)
