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The Filipino value system describes "the commonly shared and traditionally established system of values underlying Filipino behavior" within the context of the larger Filipino cultural system. [1] These relate to the unique assemblage of consistent ideologies , moral codes , ethical practices , etiquette and personal and cultural values that ...
The statement of value appears above him (One, and/or Five Centavos) in English, while the name of the archipelago is written below in Spanish as FILIPINAS. [15] [a] The coat of arms of the Commonwealth of the Philippines. Around this appeared the legend UNITED STATES OF AMERICA, the mint mark, and the date of coinage. [15] [b] 15,790,492 ...
The Philippine one hundred-peso note (Filipino: Sandaang Piso) (₱100) is a denomination of Philippine currency. Philippine president Manuel A. Roxas is currently featured on the front side of the bill, while the Mayon Volcano and the whale shark (locally known as butanding) are featured on the reverse side.
Prior to 1864, coins valued at 1/2 a Spanish dollar (or peso) or four reales issued by Spain and Spanish America were generally accepted in the Philippines for half a peso. The half-peso coin was considered as the successor to the pre-Hispanic silver denomination rupee or rupiah , locally called salapi .
After the United States took control of the Philippines, the United States Congress passed the Philippine Coinage Act of 1903, established the unit of currency to be a theoretical gold peso (not coined) consisting of 12.9 grains of gold 0.900 fine (0.0241875 XAU). This unit was equivalent to exactly half the value of a U.S. dollar. [13]
No coin worth 1/20 of a peso circulated during the Spanish rule of the Philippines, when the 10 centimo coin was the lowest denomination of the Philippine peso fuerte. The Mexican 5-centavo (1/20th peso) silver coin, however, was accepted in the Philippines for the same value.
Coat of arms of the Philippines, value 1981 ₱25 38 mm 25 g 50% silver: Reeded Conjoined portraits of US President Ronald Reagan and Ferdinand Marcos, year of minting Coat of arms of the Philippines, "Republika ng Pilipinas", value 1982 ₱25 35 mm 18.41 g: 92.5% silver: Reeded
The price of silver has since gone down and the first silver coins were minted in 1864. The relative abundance of gold in the Philippines then came to an end with the adoption of the British gold standard now American Gold Standard in most of Europe after 1871 and the subsequent climb in the international gold/silver ratio above 16. [9]
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