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20 Piso White border
| Issuer | Bangko Sentral ng Pilipinas |
|---|---|
| Year | 1969 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse lettering | PALASYO NG MALKANYANG DALAWAMPUNG PISO (Translation: Malacañang Palace Twenty pesos) |
| Signature(s) | Marcos & Calalang Marcos & Licaros |
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| Comments |
The "White border" designation distinguishes this issue from the later Ang Bagong Lipunan series overprints that Marcos imposed after declaring martial law in 1972 — making 1969 something of a last-gasp moment for pre-authoritarian Philippine paper currency. Giesecke & Devrient had supplied Philippine notes since the Central Bank's earliest years, and the Leipzig plant handled this work despite the Cold War geography involved in a NATO-aligned country sourcing from East Germany.
Two signature combinations exist for P#145, reflecting the brief tenure of Andres Castillo's successor: Gregorio Licaros replaced Calalang as Central Bank Governor in 1970, giving collectors a reliable die for approximate dating within the type.