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50 Pesos

Issuer Central Bank of the Philippines
Year 1951-1962
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Currency Peso (1857-1967)
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Obverse lettering CENTRAL BANK OF THE PHILIPPINES THIS NOTE IS A LIABILITY OF THE CENTRAL BANK AND IS FULLY GUARANTEED BY THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES FIFTY PESOS THIS NOTE IS LEGAL TENDER IN THE PHILIPPINES FOR ALL DEBTS PUBLIC AND PRIVATE ANTONIO LUNA
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Reverse lettering FIFTY PESOS 50 PESOS THE BLOOD COMPACT BETWEEN SIKATUNA AND LEGASPI
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Comments

The Central Bank of the Philippines was only established in 1949, replacing the pre-war Philippine National Bank currency system and ending the country's reliance on U.S. Federal Reserve notes as legal tender. This 50 Pesos note belongs to the first generation of fully sovereign Philippine banknotes — De La Rue in London handled the entire series, a common arrangement for newly independent central banks lacking domestic printing infrastructure.

The eleven-year print span without a catalogue subdivision suggests no major design revision occurred, though signature combinations changed as successive governors and treasurers cycled through office. Collectors tracking signatures within P#138 will find some combinations considerably scarcer than others.

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