https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8 Made with a bold sensibility en-us 2020-10-15 00:39:10 UTC 2025-12-20 18:14:54 UTC hello@padlet.com aleciaqueengain https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830642548 HISTORY OF PHILIPPINE CURRENCY]]> 2020-10-15 00:48:53 UTC https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830642548 aleciaqueengain https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830653296 1193- United States of America abandoned the gold standard when the United States President; Franklin Delano Roosevelt inproclaimed the gold embargo in territories and colonies.

 1521 - -Philippines was already having trade relations with nearby countries such as Java, China, Siam and Macau.

8th-14th Century -- the penniform gold barter ring was being 
used in trading with foreign marchants.

1521 -- trade was conducted by using irregular shaped coins, hammered in Mexico. Varieties of these silver 
coins were popularly called “hilis kalamay.”]]> 2020-10-15 00:53:35 UTC https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830653296 aleciaqueengain https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830662515 1571 --The Spanish Regime started 

1732-1772 --The Spanish Dos Mundos also known as the Mexican pillar dollar were struck at the Mexican Mints. 

1766 --a second coin was minted in the Philippines, known as colderillas.

1770 --the Spanish government ordered from the mint of Spanish Mexico 6,000 silver quartillos]]> 2020-10-15 00:57:41 UTC https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830662515 aleciaqueengain https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830672730 1798-1807 --The quartos bearing the breast of Carlos IV were issued

1814 --Manila was made a port of entry to foreign ships. Trade flourished and various coins were circulating in the Philippines.

1820-1830 --the octavos and cuartos with the inscription bearing similar designs were circulated

1852 --the first Philippine bank note was printed. It was called the pesos Fuertes issued by the El Banco Espanol-Filipino de Isabel II]]> 2020-10-15 01:02:15 UTC https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830672730 aleciaqueengain https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830675391
1855 --the Eve pesetas silver coins were circulated. These coins were believed to have been minted either in Madrid or in Paris.


1859 --20.40 and 80 Reaux (reals) were issued. It had the following words 
engraved on the overse side: “Isabelle II Reiner D' Espangne".

1861-1864 --gold coins were issued in denominations of one, two and four pesos bearing the bust of Queen Isabel II. 

1864-1868 --silver coins of 10, 20, 50 centavos were minted. 
It had a diameter of 18, 23 and 30 respectively.]]> 2020-10-15 01:03:27 UTC https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830675391 aleciaqueengain https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830678911 1877 --a royal decree was promulgated to allow Manila Mint to coin silver 
coins of the same fineness as the Spanish coins of .835 instead of the .900.

1880 --gold coins were minted of the same weight and fineness as the 
previous ones. It bore the bust of King Alfonso XIII. It bore the bust of King Alfonso XIII.

1880 --the value of silver peso was higher than that of the American gold 
Dollar

1886-1931 —Fractional coins were minted in denominations one 
centavo and two centavos made of copper specifically in 1894. It had the 
diameters of 20 and 30 millimeters respectively. It bore the inscriptions: 
Alfonso XIII P.L.G.D.D. REY C DE ESPANA with the bust of King Alfonso XIII on its reverse.]]> 2020-10-15 01:04:55 UTC https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830678911 aleciaqueengain https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830681124
1887 --the Isabel silver one real was issued and the word Manila was engraved below the neck of Queen Isabel II


1887 --the first Treasury Certificates were issued bearing the official seal 
of the Philippine Government. It bore the signatures of Clem de Santiago, 
the Insular Treasurer.

1897 --several coins were received by the Philippines from the Spanish 
government in Madrid to alleviate a shortage of coins because of the great 
increase of world trade which affected the country

1898 August 28,  - American regime started in the Philippines.]]> 2020-10-15 01:05:52 UTC https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830681124 aleciaqueengain https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830684992 1898 December 10- termination of the "Treaty of Paris"

1899 - Emilio Aguinaldo issued coins minted in denominations of two centimos which where made of copper.
America Regime

1899 February 6 - the sovereignty of the United States over the Philippines was established.

1901 - an American expert in Banking and Finance, Charles Conant came to the Philippines as financial adviser.]]> 2020-10-15 01:07:39 UTC https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830684992 aleciaqueengain https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830688606 1902 July - known as the Gold Exchange Standard 

1903 March 2, - passed the Philippine Coinage Act 

1903 to 1906 - price of silver in the market increased which resulted to the exportation of Philippine coin to China.

1904 - currencies circulating in the country were allowed to continue]]> 2020-10-15 01:09:18 UTC https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830688606 aleciaqueengain https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830692097 1934- Under the Gold Reserve  Act of 1934, the dollar had to be devalued for 25.8 grains of gold

1944, July 4,- after the American forces defeated the Japanese imperial 
army

1949 -Central Bank was established to improve the 
exchange controls and to adopt the manage currency standard.

1956 June 16 - the paper money denominated in P200 and P500 were 
demonetized or withdrawn 
from circulation although these were returned again with a different design 
and color. ]]> 2020-10-15 01:10:57 UTC https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830692097 aleciaqueengain https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830694058
 1980s - about 70% of total credit outstanding in Pakistan was estimated to be in the informal sector, and about 80% of all informal credit was in agriculture. 

 2001 May and June -  the State Bank of Pakistan was said to 
have turned to hawala shops in Islamabad to buy dollars in order to support 
the own currency Even top-ranking Western corporations tum to hawaladars 
for transactions to regions without a modern western-style banking system. 

]]> 2020-10-15 01:11:53 UTC https://padlet.com/aleciaqueengain/ga18z91fngnwy9e8/wish/830694058