Catalog
50 Pesos Philippines
| Issuer | Treasury of the Philippines |
|---|---|
| Year | 1936 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | BY AUTHORITY OF AN ACT OF THE PHILIPPINE LEGISLATURE APPROVED BY THE PRESIDENT OF THE UNITED STATES JUNE 13, 1922 THIS CERTIFIES THAT THERE HAS BEEN DEPOSITED IN THE TREASURY OF THE PHILIPPINES FIFTY PESOS PAYABLE TO THE BEARER ON DEMAND IN SILVER PESOS OR IN LEGAL TENDER CURRENCY OF THE UNITED STATES OR EQUIVALENT VALUE TREASURY CERTIFICATE PHILIPPINES FIFTY PESOS SERIES OF 1936 LAWTON |
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| Reverse lettering | FIFTY PESOS PHILIPPINES FIFTY PESOS PHILIPPINES 50 |
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| Comments |
The Treasury of the Philippines series printed by the Bureau of Engraving and Printing in Washington reflects the Commonwealth period, when the Philippines operated under U.S. tutelage following the 1935 Tydings-McDuffie Act transition. These notes were issued under joint Philippine-American fiscal authority, with the Treasury of the Philippines nominally responsible but the monetary architecture still tightly controlled from Washington.
The 1936 series had a short effective life. Japanese occupation from 1942 onward rendered Commonwealth currency functionally obsolete, and the postwar liberation brought a separate currency reorganization. Surviving examples in any grade above heavily circulated are harder to source than the catalog frequency suggests.