5 Pesos Victory, Central Bank

Issuer	Central Bank of the Philippines
Year	1949
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Reference(s)	P#119

Obverse description	At left, a forward-facing portrait vignette of President William McKinley; at right, a left-facing portrait vignette of Admiral George Dewey, with a blue treasury seal at centre right. The design retains the original Treasury Certificate layout of the Series No. 66 issue, with ornate guilloche borders framing the central field.
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Reverse description	Yellow intaglio-printed guilloche ground with ornate floral and scroll border work, numeral 5 at left and right margins, and denomination panels reading FIVE PESOS at top corners and base centre. A large black overprint reads VICTORY across the centre field, with CENTRAL BANK in red at top and OF THE PHILIPPINES in red below, affirming the transition to Central Bank authority.
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Variants	P#119a - Thick lettering in red overprint P#119b - Thin lettering in red overprint
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