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20 Piso Year of Microcredit
| Issuer | Bangko Sentral ng Pilipinas |
|---|---|
| Year | 2004 |
| Type | Log in to see details |
| Value | 20 Pesos (20 piso) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | REPUBLIKA NG PILIPINAS ANG SALAPING ITO AY BAYARIN NG BANGKO SENTRAL AT PINANANAGUTAN NG REPUBLIKA NG PILIPINAS U.N. YEAR OF MICROCREDIT 2005 SUSTAINABLE MICROFINANCE SERVICES FOR THE FILIPINO ENTREPRENURIAL POOR MANUEL L. QUEZON WIKANG PAMBANSA SALIGANG BATAS 1935 DALAWAMPUNG PISO (Translation: Republic of the Philippines This bill is a debt of the central bank and a responsibility of the Republic of the Philippines National language Constitution 1935 Twenty pesos) |
| Reverse description | Log in to see details |
| Reverse lettering | PALASYO NG MALAKANYANG DALAWAMPUNG PISO 20 (Translation: Malacañang Palace Twenty pesos) |
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| Comments |
The United Nations designated 2005 as the International Year of Microcredit, and the BSP issued this commemorative 20 Piso a year ahead of that anniversary — a Philippine habit of early issue that occasionally trips up collectors trying to pin down occasion-specific notes by face date alone. Microcredit had particular resonance in the Philippines, where rural banking penetration was still deeply uneven and the BSP's own microfinance policy framework had only been formalized in 2000.
The Security Plant Complex in Quezon City, which has produced Philippine banknotes since 1978, handled the full production run — one of the relatively few countries maintaining genuine end-to-end domestic currency printing.