Catalog
2 Pesos
| Issuer | Treasury of the Philippines |
|---|---|
| Year | 1941 |
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| Printer | Bureau of Engraving and Printing |
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| Obverse description | Black and multicolor note with a central guilloche underprint in blue and pink. A portrait vignette of José Rizal is set within an oval frame at the left, flanked by ornate lathe-work borders, with the denomination numeral '2' in counter panels at each side. The heading 'PHILIPPINES' and 'TWO PESOS' appear in bold letterpress, with a large red Commonwealth of the Philippines seal affixed to the right, and the text 'PAYABLE TO THE BEARER ON DEMAND / IN SILVER PESOS OR IN LEGAL TENDER CURRENCY OF THE UNITED STATES OF EQUIVALENT VALUE' inscribed centrally below. |
|---|---|
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| Reverse lettering | PHILIPPINES TWO PESOS TWO PESOS 2 |
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| Comments |
The Commonwealth of the Philippines issued this series through its own Treasury — not the Philippine National Bank, which had handled earlier emissions — reflecting the administrative shift as the Commonwealth government asserted tighter fiscal control during the late 1930s. The Bureau of Engraving and Printing in Washington had produced Philippine currency for decades under American colonial administration, and that relationship continued seamlessly into the Commonwealth period.
Notes of this series dated 1941 were printed before the Japanese invasion of December that year. Many were evacuated, destroyed, or captured during the fall of Manila and the subsequent occupation, which accounts for the relative scarcity of circulated survivors in anything better than heavy wear.