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20 Pesos Mountain, Victory, Central Bank
| Issuer | Central Bank of the Philippines |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | 20 Pesos |
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| Composition | Log in to see details |
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| Obverse description | Central intaglio vignette of Mt. Mayon volcano with palm trees in the foreground, set against a tan and dark guilloche underprint, with the large legend PHILIPPINES arching across the upper field. Two serial numbers appear in blue at left and right, with a blue Commonwealth of the Philippines seal at lower right, and two manuscript signatures below the vignette at left. Victory Series No. 66 overprint appears at upper left and lower right. |
|---|---|
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| Reverse lettering | CENTRAL BANK VICTORY OF THE PHILIPPINES TWENTY PESOS |
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| Comments |
The Victory series takes its name from the "VICTORY" overprint applied to Commonwealth-era Philippine notes during the immediate postwar period — a stopgap measure while new designs were prepared. P#121 belongs to the subsequent Central Bank series, the first notes issued under the authority established by Republic Act 265 in 1948, which created the Central Bank of the Philippines and ended the currency arrangement under the Philippine National Bank.
Two signature combinations exist for this type. The Osmeña/Hernandez pairing is the scarcer of the two, reflecting a shorter administrative tenure.