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25 Pesos

Issuer Tesoro de las Islas Filipinas
Year 1877
Type Standard circulation banknote
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Obverse lettering ISLAS FILIPINAS BILLETE DEL TESORO EMISSION DECRETADA EN 6 DE ABRIL DE 1877 Ps. Fs. 25 Ps. Fs. 25 VALE POR VEINTE Y CINCO PESOS FUERTE AL PORTADOR Y SIN INTERES MANILA
(Translation: The Phillipine Islands Treasury note Issue decreed on April 6, 1877 Value for twenty five hard pesos to the bearer and without interest)
Reverse description Reverse is blank, without any printed design or lettering.
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The Tesoro de las Islas Filipinas operated as the colonial treasury under Spanish administration, issuing notes backed by the revenues of the archipelago rather than by any peninsular banking institution. By 1877, Philippine fiscal infrastructure was still largely autonomous from Madrid in practical terms — the treasury handled customs receipts, tobacco monopoly income, and government disbursements locally, which made these notes instruments of colonial finance rather than conventional bank currency.

Three-signature authentication was deliberately cumbersome, requiring sign-off from the Director General, Contador General, and Central Treasurer simultaneously. That requirement limited forgery risk but also slowed issuance considerably.