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100 Pesos Olive-green back
| Issuer | Bank of the Philippine Islands |
|---|---|
| Year | 1928 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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|---|---|
| Obverse lettering | THE BANK OF THE PHILIPPINE ISLANDS WILL PAY TO THE BEARER ON DEMAND ONE HUNDRED PESOS MANILA SERIES OF 1928 |
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| Reverse lettering | THE BANK OF THE PHILIPPINE ISLANDS ONE HUNDRED PESOS PHILIPPINE ISLANDS |
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| Comments |
The Bank of the Philippine Islands was a private commercial institution chartered under Spanish colonial law and retained its position as a note-issuing bank well into the American period — an unusual arrangement that persisted until the Commonwealth era forced a restructuring of Philippine currency authority. Having notes printed by the Bureau of Engraving and Printing in Washington placed the BPI's paper on equal production footing with U.S. federal currency, a point not lost on Filipino business circles who regarded BEP-produced notes as a guarantee of quality that locally printed alternatives could not match.
The "olive-green back" designation distinguishes this from earlier color variants in the series — a deliberate change, not a printing anomaly.