Search results
Results from the WOW.Com Content Network
Gold was an important medium of exchange in the various territories of pre-Hispanic Philippines, in the form of stamped gold beads called piloncitos and gold barter rings. The original silver currency unit was the rupee or rupiah (known locally as salapi ), brought over by trade with India and Indonesia.
"Piloncitos" is a collectors' term for the bead-like gold masa coins [1] [2] used during the aristocratic era of the Philippines and in the early years of Spanish foreign rule, [1] called bulawan ("gold piece") in many Philippine languages or salapi ("coin") or ginto ("gold piece") in Tagalog.
The new coin also has the new logo of the central bank and is legal tender with the current series. [1] On December 18, 2013, the Bangko Sentral ng Pilipinas issued a commemorative ten-peso coin in celebration of the 150th Birth Anniversary of Andres Bonifacio. The coins are in the same dimensions, but the design changed.
The Philippine real was the currency of the Philippines during the Spanish Colonial Era. Brought over in large quantities by the Manila galleons , eight silver reales made up a silver peso or a dollar . 16 silver real were equal to one gold escudo.
In order to remedy this damage in the monetary situation, Queen Isabella II issued a decree in 1857 ordering the founding of the Casa de Moneda de Manila in the Philippines in order to coin gold 1-, 2- and 4-peso coins according to Spanish standards (the 4-peso coin being 6.766 grams (0.2387 oz) of 0.875 gold).
Concurrent with these events is the establishment of the Casa de Moneda de Manila in the Philippines in 1857, the mintage starting 1861 of gold 1, 2 and 4 peso coins according to Spanish standards (the 4-peso coin being 6.766 grams of 0.875 gold), and the mintage starting 1864 of fractional 50-, 20- and 10-céntimo silver coins also according ...
The coins he designed featured Manuel L. Quezon as the Philippines' first Commonwealth President and General Murphy and U.S. President Franklin D. Roosevelt. A new design for the reverse based on the seal of the Commonwealth he designed was also introduced on those commemoratives, and featured on all Philippine coins minted from 1937 until 1946.
The extensive use of gold during early Philippine history is well-documented, both in the archeological record and in the various written accounts from precolonial and early Spanish colonial times. [1] Gold was used throughout the Philippine archipelago in various decorative and ceremonial items, as clothing, and also as currency. [2]