Catalog
20 Pesos
| Issuer | Central Bank of the Philippines |
|---|---|
| Year | 1951-1970 |
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| Printer | Thomas De La Rue & Company, London, United Kingdom |
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|---|---|
| Obverse lettering | CENTRAL BANK OF THE PHILIPPINES THIS NOTE IS A LIABILITY OF THE CENTRAL BANK AND IS FULLY GUARANTEED BY THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES TWENTY PESOS THIS NOTE IS LEGAL TENDER IN THE PHILIPPINES FOR ALL DEBTS PUBLIC AND PRIVATE ANDRES BONIFACIO EMILIO JACINTO |
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| 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.