Philippine two-peso note explained
| Denomination: | Two pesos |
| Country: | Philippines |
| Value: | 2 |
| Width Mm: | 160 |
| Height Mm: | 66 |
| Security Features: | Security fibers, Watermark, Concealed value, Security thread |
| Paper Type: | 90% cotton
10% linen |
| Years Of Printing: | 1903–1983 |
| Obverse: | P2 Ang Bagong Lipunan series (Obverse).jpg |
| Obverse Design: | José Rizal |
| Obverse Design Date: | 1973 |
| Reverse: | Php 2 ABL (reverse).jpg |
| Reverse Design: | Declaration of Philippine independence |
| Reverse Design Date: | 1973 |
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]
This banknote was circulated until it was demonetized in 1993. Its printing was ceased in 1983, when it was replaced by coins upon the introduction of the Flora and Fauna coin 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.
- 1918–1929: Philippine Treasury Certificates issued with 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]
- 1949: Philippine Treasury Certificates issued with VICTORY
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. 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 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, 1996.
Version history
Commemorative issues
Throughout its existence, the two peso bill has been overprinted to commemorate certain events:
- Papal visit of Pope John Paul II: In 1981, Bangko Sentral ng Pilipinas issued a commemorative banknote for the visit of Pope John Paul II in the Philippines. The overprint features his coat of arms and around it is "PAGDALAW NG PAPA JUAN PABLO II - PEB 17-22, 1981".[10]
Printing years
References
- Web site: Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Banknotes - Ang Bagong Lipunan Series. www.bsp.gov.ph. November 20, 2018.
- Web site: Bangko Sentral ng Pilipinas - BSP Notes and Coins - Currency in Circulation - New Design Series. www.bsp.gov.ph. November 20, 2018.
- Ide. Henry. 1907. The Annals of the American Academy of Political and Social Science. American Colonial Policy and Administration. 30. 27–37. 1010630.
- Web site: History - Philippine National Bank. www.pnb.com.ph. en-US. November 20, 2018.
- Book: Nagano, Yoshiko. State and Finance in the Philippines, 1898-1941: The Mismanagement of an American Colony. April 20, 2015. NUS Press. 9789971698416. en.
- News: Executive Order No. 25, s. 1944 GOVPH. Official Gazette of the Republic of the Philippines. November 20, 2018. en-US.
- Web site: Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Banknotes - English Series. www.bsp.gov.ph. November 20, 2018.
- Web site: Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Banknotes - Pilipino Series. www.bsp.gov.ph. November 20, 2018.
- Web site: Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Coins - Flora and Fauna Series. www.bsp.gov.ph. November 20, 2018.
- Web site: Bangko Sentral ng Pilipinas - BSP Notes and Coins. www.bsp.gov.ph. November 20, 2018.
