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1/2 Peso

Issuer Central Bank of the Philippines
Year 1955-1957
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Printer Thomas De La Rue & Company, London, United Kingdom
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Reverse description The reverse is executed entirely in green, with the denomination '1/2' in bold numerals flanked by two large intricate guilloche rosettes at left and right, each bearing the fractional value. A central scroll cartouche carries the bold intaglio inscription 'HALF PESO', with '50 CENTAVOS' at top corners and 'PHILIPPINES' along the upper border.
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.

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