CURRENCY DURING THE AMERICAN
OCCUPATION
As the American came they established a new
monetary system based on a gold standard
and provided a two to one ratio. This meant
that one dollar is equivalent to two
Philippine peso.
Provisions were made for silver coins in;
-One peso
-Fifty, Twenty and Ten centavo
And these coins were minted in the United
States
Melacio Figueroa - who designed coins
featuring a standing female figure with
windblown hair in her native costume.
-Base metal coins in one half, one and five
centavo denominations were also minted in
the United States until 1919, bearing the
designed by Melacio Figueroa. Featuring a
man clutching a hammer and sitting by an
anvil on the left. The reverse bore the
American shield and eagle.
Until 1941 The former Manila Mint, now
the mint of the Philippine Islands opened and
struck coins.
But, during the war no coins were minted.
From 1944 to 1945 all coins were minted
again in the United Sates
Silver Certificates First paper currency
issued by the Americans.
-The first to carry the Philippine peso mark.
-The bearer could redeem in gold or silver
coins.
-Two, Five, Ten, Twenty Fifty, One hundred
and Five hundred peso certificates were
issued.
In 1919, These certificates were replaced by
Philippines Treasury Certificates.
The first bank notes, were issued by the old
Banco Espaol Filipino the former bank
name of Bank of the Philippine Islands, now.
These notes were worded in Spanish and
were printed in the United States.
In 1916- Philippine National Bank was
established.
-And issued notes in two, five, ten, twenty and
one hundred peso denominations.
1918- One peso bill was added.
-These notes were made in the United States
and issued until 1937.
-But withdrawn from circulation, In 1948.
The ratio of one dollar to Philippine peso
during American occupation is ________
Ans: 1 : 2
During American occupation, they
established a new monetary system based
on what monometallic standard
Ans: Gold Standard
Provisions were made for silver coins in
one peso, fifty cents, twenty cents and
_______ cents
Ans: ten cents
The designer of our coins during American
occupation
Ans: Melecio Figueroa
Where was the coin minted during the
American colonization in the Philippines?
Ans: United States
The first paper currency issued by the
Americans were _________ Certificates
which the bearer could redeem in gold or
silver coins.
Ans: Silver
Our first bank notes were worded in
Spanish and were printed in the United
States. What is the name of the bank that
issued these notes?
Ans: Banco Espaol Filipino
Banco Espaol Filipino is the former name
of what bank now?
Ans: Bank of the Philippine Islands
In 1916, Philippine National Bank issued
notes in two, five, ten, twenty and one
hundred peso denominations. By 1918, they
added a note of another denomination.
What is it?
Ans: One peso bill