Supriya Ghosh (Editor)

Philippine two peso note

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Value
  
2 pesos

Height
  
66 mm

Years of printing
  
1903-1983

Width
  
160 mm

Paper type
  
90% cotton 10% linen

Philippine two peso note

Security features
  
Security fibers, Watermark, Concealed value, Security thread

The Philippine two-peso note (₱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.

Contents

This banknote was circulated until it was demonetized in 1993. Its printing was ceased in 1985, when it was replaced by coins upon the introduction of the New Design series.

Pre-independence history

  • 1903: Philippine Islands issued silver certificates. Features a portrait of José Rizal.
  • 1916: PNB issued notes. Features a portrait of José Rizal.
  • 1937: Philippine Commonwealth issued treasury certificate. 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.

    • Post-independence history

  • 1951: English series, 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. 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. The banknote was officially demonetized, together with the other Ang Bagong Lipunan series banknotes on February 2, 1993.

    • 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".

    • References

    Philippine two peso note Wikipedia
    (Text) CC BY-SA


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