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1/2 Peso
| Issuer | Central Bank of the Philippines |
|---|---|
| Year | 1955-1957 |
| Type | Log in to see details |
| Value | 1/2 Peso |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Central vignette of three men on a carabao-drawn cart with the volcanic cone of Mt. Mayon in the background; the Central Bank of the Philippines seal appears at right. Denomination expressed as both '50 CENTAVOS' and 'HALF PESO' within the design, with legal tender text running along the lower border. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | 50 CENTAVOS PHILIPPINES 1/2 HALF PESO |
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| Comments |
The Central Bank of the Philippines contracted Thomas De La Rue for this series shortly after establishing its own currency-issuing authority in 1949, breaking from the pre-independence arrangement under the Philippine National Bank. De La Rue printed the entire English series through the mid-1950s before the Philippines gradually shifted toward domestic printing capacity.
The fractional peso denomination reflects a monetary environment where centavo-range purchasing power still mattered in everyday rural transactions — the half-peso wasn't ceremonial filler. By the early 1960s, inflation had effectively retired it from practical use.