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20 Pesos
| Issuer | Central Bank of the Philippines |
|---|---|
| Year | 1951-1970 |
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| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 162 × 67 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | A central oval vignette in orange intaglio presents the Kartilya ng Katipunan — the revolutionary primer shown upright with its title legible — accompanied by the Katipunan flag and a quill pen at left, and the Balintawak Monument at right, its heroic figure raised against radiating sunburst lines. Denomination panels reading TWENTY PESOS appear in large letterpress type at both left and right, with numeral 20 counters at each corner. The caption CARTILLA OF THE KATIPUNAN AND THE BALINTAWAK MONUMENT is inscribed along the lower margin of the vignette. |
| Reverse lettering | TWENTY PESOS 20 PESOS KARTILYA NG KATIPUNAN CARTILLA OF THE KATIPUNAN AND THE BALINTAWAK MONUMENT. |
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| Comments |
The Central Bank of the Philippines was only established in 1949, replacing the pre-war Philippine National Bank note issues and severing the currency's direct tie to the US dollar peg that had governed Philippine monetary policy since American colonial administration. This series, printed by Thomas De La Rue across a span of nearly two decades, bridges the immediate post-independence period through the Macapagal administration — a long run that produced considerable variation in signatures across the series.
Signature combinations are the primary collecting variable here. At least seven distinct pairs of Governor and Treasurer signatures appear across P#137, and the earlier combinations — particularly those from the Cuaderno governorship — carry a meaningful premium over later issues.