3. Laws Related to Our Philippine Monetary System
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Transcript of 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
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Learning Objectives
1. Show appreiation o! the laws enated !orthe de"elopment o! one own monetary.
#. Show Philippine oina$e !rom the earliestPre%&istori period to 'ust (e!ore )orld )arII
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Other Laws related to the
Philippine Monetary System
1. Philippine Coina$e At o! 1*+,.
-his denes monetary system as !ollows/
-hat $old oins ontain 1#.* $rains o! $oldand .* neness
Sil"er oin ontain 01 $rains o! sil"er and* neness.
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Other Laws related to the
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#. 2.S. Coina$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.
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Other Laws related to the
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,. 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 $old oins4 (ullion and ertiatesheld (y Federal Reser"e Ban3s.
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Other Laws related to the
Philippine Monetary System
0. 8ollar E9han$e Standard
Philippine urreny was redeema(le in dollarinstead o! $old. Curreny issued was (a3edup (y sil"er oins4 and dollars4 in demand.
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Other Laws related to the
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:. 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 $round o! non%
ooperation. From 1*0 to 1*0*4 moneysupply inreased tremendously.
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Other Laws related to the
Philippine Monetary System
. Mana$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.
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PRE%&ISPANIC C?INA6E@++ % 1:#1
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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.
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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.
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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
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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
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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
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CO+!,ERS,AMPE- CO!A"E $'&' ( $').
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P/LPP!E RE0OL+,O!ARY"O0ER!ME!,$'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.
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CO3 CO!A"E# $*4. ( $%%)
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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)
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-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.
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-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.
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"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.
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"OL- CO!A"E 5ROM ,/E CASA -EMO!E-A $'.$ ( $''*
'op row s#ows t#e ob&erse and re&erse o$ 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.
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"OL- CO!A"E 5ROM ,/E CASA -EMO!E-A $'.$ ( $''*
'op row s#ows t#e ob&erse and re&erse o$ 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 $ormer coin came. Bot# coins measre 18
mm.
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A set o$ 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) ( $2)*
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5b&erse and re&erse o$ 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.
CO!A"E O5 ,/E AMERCA! RE"ME $26) ( $2)*
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5b&erse and re&erse o$ 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.
CO!A"E O5 ,/E AMERCA! RE"ME $26) ( $2)*
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'op row s#ows t#e ob&erse and re&erse o$ 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.
CO!A"E O5 ,/E AMERCA! RE"ME $26) ( $2)*
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A set o$ 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
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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 $%%& ( $'&*
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SL0ER POR,RA, CO!A"E $%%& ( $'&*
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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.
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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.
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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#!.
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Curreny durin$ the ;apanese ?upation
1*0#%1*0:
1 eso Bill
ront iew
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6uerilla note
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Flora and Fauna Series 1*@,%1**@