For The Numismatist In Us - 2

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Originally uploaded by avnerijr.

Spain’s reign of almost 400 years ended at the turn of the 20th century. And the second picture shows a couple of notes issued by the then Philippine National Bank with the face of Pres. McKinley. The third note is nothing more than the coupon-bond quality fractional notes quite common during the presidency of Ramon Magsaysay. They easily got mutilated and the quality of the printing was poor, very much like currency during the Japanese times.

It was not uncommon then to have banks print and issue currency. Bank of the Philippine Islands (then known as Banco de las Islas Filipinas) also printed currency during the Spanish times.