Philippine two-peso note

The Philippine two-peso note (Filipino: Dalawang Piso) (₱2) was a denomination of Philippine currency. On its final release, José Rizal was featured on the front side of the bill, while the Declaration of the Philippine Independence was featured on the reverse side.[1]

Two pesos
(Philippines)
Value2 pesos
Width160 mm
Height66 mm
Security featuresSecurity fibers, Watermark, Concealed value, Security thread
Material used90% cotton
10% linen
Years of printing1903–1983
Obverse
DesignJosé Rizal
Design date1973
Reverse
DesignDeclaration of Philippine independence
Design date1973

This banknote was circulated until it was demonetized in 1993. Its printing was ceased in 1985, when it was replaced by coins upon the introduction of the New Design series.[2]

History

Pre-independence
  • 1903: Philippine Islands issued silver certificates.[3] Features a portrait of José Rizal.
  • 1916: PNB issued notes.[4] Features a portrait of José Rizal.
  • 1937: Philippine Commonwealth issued treasury certificate.[5] Features a portrait of José Rizal. This series were later overprinted with the word "VICTORY" on the reverse after the liberation of the Philippines under Japanese rule in 1944.[6]

Independence
  • 1951: English series,[7] Features the portrait of José Rizal, the national hero of the Philippines. The reverse features the landing of Ferdinand Magellan in the Philippines in 1521.
  • 1973: The denomination was not included upon the introduction of the Pilipino series bills.[8] It was later introduced in the Ang Bagong Lipunan series.[1] The banknote adopts the design elements from the demonetized one peso bill; Rizal's profile is featured on the obverse, and on the reverse, it featured the Declaration of the Philippine Independence. The note is predominantly blue in color.
  • 1985: The two peso bill was not included when the New Design series[2] was introduced and was later replaced by coins two years before.[9] The banknote was officially demonetized, together with the other Ang Bagong Lipunan series banknotes on February 2, 1993.
  • English series ₱2 note.

Commemorative issues

Throughout its existence, the two peso bill has been overprinted to commemorate certain events:

References
  1. "Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Banknotes - Ang Bagong Lipunan Series". www.bsp.gov.ph. Retrieved 2018-11-20.
  2. "Bangko Sentral ng Pilipinas - BSP Notes and Coins - Currency in Circulation - New Design Series". www.bsp.gov.ph. Retrieved 2018-11-20.
  3. Ide, Henry (1907). "The Annals of the American Academy of Political and Social Science". American Colonial Policy and Administration. 30: 27–37. JSTOR 1010630.
  4. "History - Philippine National Bank". www.pnb.com.ph. Retrieved 2018-11-20.
  5. Nagano, Yoshiko (2015-04-20). State and Finance in the Philippines, 1898-1941: The Mismanagement of an American Colony. NUS Press. ISBN 9789971698416.
  6. "Executive Order No. 25, s. 1944 | GOVPH". Official Gazette of the Republic of the Philippines. Retrieved 2018-11-20.
  7. "Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Banknotes - English Series". www.bsp.gov.ph. Retrieved 2018-11-20.
  8. "Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Banknotes - Pilipino Series". www.bsp.gov.ph. Retrieved 2018-11-20.
  9. "Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Coins - Flora and Fauna Series". www.bsp.gov.ph. Retrieved 2018-11-20.
  10. "Bangko Sentral ng Pilipinas - BSP Notes and Coins". www.bsp.gov.ph. Retrieved 2018-11-20.
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