Posted 12/09/2012 7:47 pm
After the Spanish American War the Philippine peso was considered a "junior dollar" whose value was pegged at two pesos to a dollar. The backing by US dollar dates from 1922 and had nothing to do with the war. There are a few runs of 1941 pesos that have a wartime connection (and a few 1936). These are the Naval Aviator notes, the War Department ordered notes and the artificially aged notes. All of these types can be identified by their serial number ranges.
The Victory series came ashore with MacArthur and all earlier series were invalidated by military decree. The Victory series is identified as Series 66 in honor of Philippine President Manuel Quezon who died on exile during the war at age 66.
Ina sense it is the US silver certificate that is printed on Philippine paper stock by the BEP. The BEPs experience printing the smaller sized Philippine notes beginning in 1905 is what convinced them to make US paper money smaller.
The Victory series came ashore with MacArthur and all earlier series were invalidated by military decree. The Victory series is identified as Series 66 in honor of Philippine President Manuel Quezon who died on exile during the war at age 66.
Ina sense it is the US silver certificate that is printed on Philippine paper stock by the BEP. The BEPs experience printing the smaller sized Philippine notes beginning in 1905 is what convinced them to make US paper money smaller.
