The Philippine peso is the official currency of the Philippines. The official currency symbol: ₱. The currency’s name is also known by its Filipino name, “piso”. The Philippine peso is derived from the Spanish peso, which were imported in huge quantities from Spain by Manila galleons from the 16th to 19th centuries. In 1852, the “Banco Español Filipino de Isabel II” issued the first Philippines banknotes in denominations of 10, 25, 50 and 200 “pesos fuertes”. Almost fifty years later, the American Colonial Insular Government introduced silver certificates in denominations of 1, 2, 5, 10, 20, 50, 100 and 500 pesos. These certificates were complemented by banknotes issued by the Bank of the Philippines in 1908, banknotes issued by the Philippine National Bank in 1916, and Treasury Certificates issued by the Philippine Treasury in 1918, all of which were backed by US Treasury bonds. After the Philippines achieved independence in 1946, only the latter remained legal tender.
In 1949, the Philippine Central Bank took over the issuance of paper money and introduced the first notes that were printed under US rule and were certified by the Treasury. The regular issue English Series banknotes in values of 5, 10, 20, and 50 cents, 1 peso, 2 pesos, 5 pesos, 10 pesos, 20 pesos, 50 pesos, 100 pesos, 200 pesos, and 500 pesos were introduced in 1951. In 1967, the Philippine Central Bank adopted the Filipino language on its Pilipino Banknote Series, and in the following year, introduced the Pilipino Series of notes in denominations of 1, 5, 10, 20, 50 and 100 piso. The Ang Bagong Lipunan Series was introduced in 1973 and included 2 piso notes. In 1985, The Philippine Central Bank introduced a new series of banknotes. The 1000 piso note were introduced in 1991, followed by the 200 piso note in 2002. The Bangko Sentral ng Pilipinas (BSP) announced in 2009 that it had begun a significant makeover of current banknotes and coins to increase security and durability. In December 2010, the BSP began issuing the first batch of new banknotes.
The 20 Philippines piso leu note front design features the portrait of Manuel Luis Quezon (1878 –1944), was a Filipino statesman, soldier and politician who served as President of the Commonwealth of the Philippines from 1935 to 1944. The background illustrates the Declaration of Filipino as the national language in 1935 and the front view of the Malacañang Palace (official residence and principal workplace of the President of the Philippines) located in Manila (Capital city). The design is completed with the National Coat of Arms and the Bangko Sentral ng Pilipinas (BSP) logo.
The reverse of the note illustrates an Asian palm civet and the Banaue Rice Terraces (located in the mountains of Banaue, Ifugao) in the background. The design is completed with a sketch of the Asian palm civet and the map of the Philippines showing the location of the Banaue rice terraces. The lettering of the note is presented in the Filipino language. This note is part of the 2010 – 2020 series, and its color is orange on a multicolor underprint.
Text: 20 REPUBLIKA NG PILIPINAS, ANG SALAPING ITO AY BAYARIN NG BANGKO SENTRAL AT, PINANANAGUTAN NG REPUBLIKA NG PILIPINAS, PINAGPALA ANG BAYAN NA ANG DIYOS AY ANG PANGINOON, FILIPINO AS THE NATIONAL LANGUAGE 1935, MALACAÑAN PALACE, DALAWAMPUNG PISO, MANUEL L. QUEZON, BANAUE RICE TERRACES UNESCO WORLD HERRITAGE SITE PALM CIVET PARADOXURUS HERMAPHRODITUS PHILIPPINENSIS, DALAWAMPUNG PISO.