目录
| 正面描述 | 登录 以查看详情 |
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| 正面铭文 | PHILIPPINE NATIONAL BANK CIRCULATING NOTE ISSUED UNDER THE PROVISIONS OF ACT NUMBER 2612 AS AMENDED BY ACTS 2747 AND 2938 OF THE PHILIPPINE LEGISLATURE THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND TEN PESOS IN LAWFUL CURRENCY OF THE PHILIPPINE ISLANDS TEN PESOS TEN PESOS |
| 背面描述 | 登录 以查看详情 |
| 背面铭文 | TEN PESOS PHILIPPINE NATIONAL BANK CIRCULATING NOTE THIS NOTE IS RECEIVABLE BY THE PHILIPPINE GOVERNMENT IN PAYMENT OF ALL TAXES, DUES OR OTHER CLAIMS DUE OR OWING TO SAID GOVERNMENT AND IS EXEMPT FROM ALL TAXES |
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The Philippine National Bank was chartered in 1916 partly to break the stranglehold of foreign commercial banks — primarily British and American — over agricultural credit in the islands. These circulating notes were a direct instrument of that policy, funding crop loans to Filipino farmers who had previously been locked out of formal banking entirely. By 1921, the PNB had already been badly damaged by a speculative collapse tied to the post-WWI commodity crash, and the bank required a government bailout that year.
The blue seal distinguishes this from the red-seal Treasury Certificate series issued concurrently under different authority. BEP printing throughout, consistent with the colonial administration's preference for Washington-produced currency paper.