3. Laws Related to Our Philippine Monetary System

7/17/2019 3. Laws Related to Our Philippine Monetary System

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Laws Related to our Philippine MonetarySystem

BASIC FINANCE

Professor: Genese Mariel S. Chua, MBA, RCA, MICB



Learning Objectives

1. Show appreiation o! the laws enated !orthe de"elopment o! one own monetary.

#. Show Philippine oina$e !rom the earliestPre%&istori period to 'ust (e!ore )orld )arII



Other Laws related to the

Philippine Monetary System

1. Philippine Coina$e At o! 1*+,.

-his denes monetary system as !ollows/

-hat $old oins ontain 1#.* $rains o! $oldand .* neness

Sil"er oin ontain 01 $rains o! sil"er and* neness.





#. 2.S. Coina$e At o! 1*+,.

Philippine money was redeema(le in dra!tso! he3s paya(le in !ull $old standardurreny. In order to maintain "alue o! pesowith $old4 a urreny reser"e !und 3nown as

56old Standard Fund7 was set up.





,. 6old Reser"e At o! 1*,0.

2nder this monetary standard the Philippineurreny was not redeema(le in $old (ut indollars. 8ollars de"aluated (y !orty%oneperent4 and 2S $o"ernment was $i"en the

title to all $old oins4 (ullion and ertiatesheld (y Federal Reser"e Ban3s.





0. 8ollar E9han$e Standard

Philippine urreny was redeema(le in dollarinstead o! $old. Curreny issued was (a3edup (y sil"er oins4 and dollars4 in demand.





:. 5Mi3ey Mouse7 Notes.

-he ;apanese military $o"ernment issuedpaper (ills alled 5mi3ey mouse7 notes4 not(eause they were le$al tender (ut (eauseo! !ear !rom authorities on $round o! non%

ooperation. From 1*0 to 1*0*4 moneysupply inreased tremendously.





. Mana$ed Curreny System

)ith the reation o! Central Ban34 the ountry<smonetary system and (an3in$ system werereor$ani=ed. Central Ban3 At4 3nown asRepu(li At No. #: was enated. -his plaed

(an3 in (etter position to meet the redit needso! e9istin$ (usiness enterprises and reditre>uirements !or new de"elopment pro'ets.



PRE%&ISPANIC C?INA6E@++ % 1:#1



EARLY COPPER CO!A"E# $%&' ($')*

A bronze or copper 1728 Barrilla (32 mm). Later dates are known to exist, particlarl!

17"", w#ic# #as been re$erred to in #istorical docments. %arlier dates and similarspecimens in lead or ot#er base metal #a&e been reported.



EARLY COPPER CO!A"E# $%&' ($')*

'op o$ p#oto shows a uniface

(design on one side) copper

piece called C!"I! (#$ %%)

s&a%ped wi&h &he full seal of &heCi&' of Manila.

'#e lower row shows &he

oerse and reerse of a *++

Barrilla (*- %%) %ade fro% so%e

ase %e&al, proal' lead. Bo&h

coins fro% Philippine collec&ions.



CO+!,ERS,AMPE- CO!A"E $'&' ( $').

An 1828 A*LA conterstamped on 8+ acatecas (exico) 182- A

$lanked b! 8+ atemala 182" wit# t#e stamp o$ *sabel ** (/**)

and a scarce 0" +eis Brazil 182+ wit# a erdinand ** (4) conterstamp



CO+!,ERS,AMPE- CO!A"E $'&' ( $').

An 1828 A*LA conterstamped on 8+ acatecas (exico) 182- A

$lanked b! 8+ atemala 182" wit# t#e stamp o$ *sabel ** (/**)

and a scarce 0" +eis Brazil 182+ wit# a erdinand ** (4) conterstamp



CO+!,ERS,AMPE- CO!A"E $'&' ( $').

5b&erse and re&erse o$ a &er! nsal and extremel! rare A*LA 1828

(6mm) wit# /** conterstamps on bot# sides o$ t#e #ole



CO+!,ERS,AMPE- CO!A"E $'&' ( $').



P/LPP!E RE0OL+,O!ARY"O0ER!ME!,$'22

+e&oltionar! copper coin o$ 2 centimos de peso dated 1800.

At 2" mm diameter, it is t#e smaller o$ two t!pes o$ patterns

coins issed b! resident %milio A9inaldo.

'#e lar9er &ersion, also in copper and likewise dated 1800,

is approximatel! 3 mm in diameter and bears t#e trian9le o$ t#e :atipnan.



CO3 CO!A"E# $*4. ( $%%)



CO3 CO!A"E# $*4. ( $%%)

Obverse and reverse of a unique 1/2R Mexico 1730 G cob or

macuquina (12 mm at widest, wei!in a""roximate#$ 1%7 rams&

dis"#a$in a## t!e detai#s and information required b$ t!e ro$a#

decree "rescribin t!e form of cob coinae%

(Philippine collection)



-OS M+!-OS or PLLAR CO!A"E $%)& ( $%%&

A set o$ ;os ndos coins ot#erwise known as 'o#umnarias or illar

;ollars $rom t#e exico int< 8+ 17"6 = 6+ 17-2 =

2+ 17-" = 1+ 17"2= 12+ 17-6.



-OS M+!-OS or PLLAR CO!A"E $%)& ( $%%&

5b&erse and re&erse o$ t#e $amos 8 + exico 1732 (6 mm).

1732 was t#e $irst !ear o$ isse o$ t#e ;os ndos coins.

'#e coin s#own abo&e is t#e si9natre coin o$ t#e entire

;os ndos series (1732 > 1772). #ilippine collection.



"OL- CO!A"E 5ROM ,/E CASA -EMO!E-A $'.$ ( $''*

A set o$ *sabel ** 9old coins in 6>peso, 2>peso and 1>peso denomination,

all dated 18"8, abo&e a 6>peso Al$onso ?** 9old coin dated 1882.

Also $eatred is t#e re&erse o$ t#e 6>peso coin bearin9 t#e le9end

@*L**A@ w#ic# desi9n is s#ared in common b! all t#e coins.




'op row s#ows t#e ob&erse and re&erse o$ an ncirclated *sabel ** 1>peso

coin (1- mm) dated 18"7. '#e re&erse desi9n is s#ared in common b! t#e two

di$$erent *sabel 6>peso coins (21 mm), likewise dated 18"7, w#ose ob&erse

are s#own on t#e lower row, bot# coins in &er! $ine condition. All t#ree coins

are extremel! rare.




'op row s#ows t#e ob&erse and re&erse o$ an nsal *sabel ** 2>peso coin

dated 18"8 (re>ct 8) strck on a 9reenis#>w#ite metal. Lower row

displa!s t#e ob&erse and re&erse o$ a coin strck on 9old $rom exactl! t#e

same set o$ dies $rom w#ic# t#e $ormer coin came. Bot# coins measre 18

mm.



A set o$ American re9ime coins minted in an rancisco dated

103

($irst !ear o$ isse)< 1 peso, -, 2, and 1 centa&os in sil&er=

- centa&os in nickel= one and #al$ centa&o in copper.

CO!A"E O5 ,/E AMERCA! RE"ME $26) ( $2)*



5b&erse and re&erse o$ t#e $amos 10"> #ilippine eso (38 mm)

desi9ned and en9ra&ed b! elencio i9eroa and minted in an

rancisco, Cali$ornia. *t is t#e most poplar and t#e si9natre coin o$

t#e D.. > #ilippine eries.




5b&erse and re&erse o$ t#e nsal mint error 1018> ->centa&o

@le@ (22 mm)

strck b! mistake in an rancisco, Cali$ornia, bearin9 t#e ob&erse

desi9n

o$ a 2>centa&o coin o$ t#e same !ear.




'op row s#ows t#e ob&erse and re&erse o$ t#e extremel! rare 9old

@Eilson ;ollar@. Below are t#e sil&er and bronze conterparts o$ t#e

same piece. All t#ree medals (38 mm) are in top>rate ncirclated

condition, amon9 t#e best in t#e world.




A set o$ 9old portrait coins< 8 opa!an (Colmbia) 1703 F=

6 adrid 178" ;= 2 exico 1700 = 1 adrid 1787 ;=

12 adrid 177 F.

"OL- POR,RA, CO!A"E# $%&' ($'&4



A set o$ sil&er portrait coins $rom exico int<

8+ 18 = 6+ 181 '= 2+ 1700 = 1+ 18 = 12+ 1700

SL0ER POR,RA, CO!A"E $%%& ( $'&*



SL0ER POR,RA, CO!A"E $%%& ( $'&*



SL0ER CO!A"E 5ROM ,/E CASA -EMO!E-A $'.$ ( $''*

5n t#e le$t is a set o$ sil&er coins o$ t#e *sabel ** series in -, 2 and 1 centimos de peso denomination

all dated 18"8. 5n t#e ri9#t is a similar set o$ t#e Al$onso ?** series all dated 188-. All t#e abo&e were

minted b! t#e Casa de oneda de anila. At center is t#e crown>size sil&er peso o$ Al$onso ?*** dated

1807 w#ic# was minted in adrid $or #ilippine circlation.



SL0ER CO!A"E 5ROM ,/E CASA -EMO!E-A $'.$ ( $''*

he aoe pho&o fea&ures &wo co%ple&e se&s of siler /0R/M/12 RAR/ and 3!CIRC31A/" Isael II 4$,

$ and *$ cen&aos de peso coins da&ed *-55 and Alfonso 0II 4$, $ and *$ cen&aos de peso coins da&ed

*--$. hese coins (e6cep& perhaps for &he een rarer *$ cen&aos de peso *-57) are &he RAR/S coins of &he

siler Isael and Alfonso 0II series issued ' &he Casa de Moneda de Manila.



P/LPP!E COMMO!7EAL,/ CO!A"E $2)* ( $24*

A set o$ commemorati&e #ilippine Commonwealt# sil&er coins all dated

103"< 1 peso Gezon > +oose&elt and 1 peso Gezon H rp#! topped b! -

centa&os Gezon > rp#!.



Curreny durin$ the ;apanese ?upation

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- Centa&os Bill

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6uerilla note



Flora and Fauna Series 1*@,%1**@



Flora and Fauna Series 1*@,%1**@

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3. Laws Related to Our Philippine Monetary System

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