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2 Pesos Victory, Central Bank

Emittent Central Bank of the Philippines
Jahr 1949
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Größe 160 x 67 mm
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Vorderseitenbeschreibung Intaglio-printed in blue on a fine guilloche underprint, the obverse carries an oval vignette at left with a bust portrait of José Rizal facing right, his name inscribed below. The denomination numeral '2' appears in ornate cartouches at each corner, with 'PHILIPPINES' and 'TWO PESOS' in bold letterpress across the centre. A circular blue Commonwealth of the Philippines seal appears at right, accompanied by two manuscript signatures of the President and Treasurer below the central text, and the 'VICTORY SERIES NO. 66' designation printed twice.
Vorderseitenlegende TREASURY CERTIFICATE BY AUTHORITY OF AN ACT OF THE PHILIPPINE LEGISLATURE APPROVED BY THE PRESIDENT OF THE UNITED STATES JUNE 13, 1922 THIS CERTIFIES THAT THERE HAVE BEEN DEPOSITED IN THE TREASURY OF THE PHILIPPINES TWO PESOS PAYABLE TO THE BEARER ON DEMAND IN SILVER PESOS OR IN LEGAL TENDER CURRENCY OF THE UNITED STATES OF EQUIVALENT VALUE VICTORY SERIES NO. 66 RIZAL TWO PESOS TWO PESOS PHILIPPINES
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Anmerkungen

The "Victory" series was introduced by the Commonwealth Government in 1944 as U.S. forces retook the archipelago, deliberately overprinted to distinguish liberated-issue currency from the Japanese Military Administration peso notes that had flooded the economy during occupation. By 1949, the newly established Central Bank of the Philippines had inherited and continued issuing notes from this same BEP-printed series under its own authority — P#118 is essentially a transitional piece, bearing the Central Bank name on currency whose design predates the institution itself.

The BEP relationship was a practical inheritance from American colonial administration, not a sovereign choice, and Manila would not achieve full domestic printing capability for decades.

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