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20 Pesos Orange seal
| Issuer | Bank of the Philippine Islands |
|---|---|
| Year | 1912-1920 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Bureau of Engraving and Printing, United States (1862-date) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | TWENTY PESOS THE BANK OF THE PHILIPPINE ISLANDS TWENTY PESOS TWENTY PESOS |
| Signature(s) | Garcia & Hord Garcia & Sendres |
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| Comments |
The Bank of the Philippine Islands was a private chartered bank — not a government institution — yet under American colonial administration it held the right to issue currency backed by a peso-for-peso gold reserve deposit with the Insular Treasurer. This arrangement made BPI notes functionally equivalent to government paper while keeping the bank commercially independent, an unusual hybrid that persisted until the Philippine National Bank absorbed the note-issuing role after 1916.
Two signature combinations are recorded for this series, reflecting personnel changes across nearly a decade of issue. Garcia signed with both Hord and Sendres, suggesting Hord preceded Sendres in the relevant administrative post.