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| 背面描述 | The reverse is printed in blue intaglio over a dense guilloche underprint filled with repeated 'CENTRAL BANK OF THE PHILIPPINES' lettering in an intricate lathe-work pattern. A large floral medallion at centre encloses the numeral '50' above a banner inscribed 'FIFTY CENTAVOS'. The printer's imprint 'THOMAS DE LA RUE & COMPANY, LIMITED, LONDON' appears in small type along the bottom margin. |
| 背面铭文 | PHILIPPINES FIFTY CENTAVOS THOMAS DE LA RUE & COMPANY, LIMITED, LONDON |
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The P#131 series was part of the Philippines' first issue under the Central Bank, established in 1949 to replace the Philippine National Bank's currency function. Thomas De La Rue printed the entire series for the young republic — a common arrangement for newly sovereign states in the early postwar decades that lacked domestic intaglio infrastructure.
The 50 centavos denomination circulated heavily through the mid-1950s and suffered accordingly. High-grade survivors are notably scarcer than the peso denominations from the same series.