The Philippine two-peso note (Filipino: Dalawang Piso) (₱2) was a denomination of Philippine currency. On its final release, José Rizal was featured on the front side of the bill, and the Declaration of the Philippine Independence on the reverse side.
This banknote was circulated until it was demonetized in 1996. Its printing was ceased in 1983, when it was replaced by coins featuring Andrés Bonifacio upon the introduction of the Flora and Fauna Series coin series.
History
Pre-independence 1903: Philippine Islands issued silver certificates. Features a portrait of José Rizal. Series of 1903Series of 1906Obverse and Reverse 1916: PNB issued notes. Features a portrait of José Rizal. 1918–1929: Philippine Treasury Certificates issued with a portrait of José Rizal. Series of 1918Series of 1924Series of 1929Obverse and Reverse 1937: Philippine Commonwealth issued treasury certificate. Features a portrait of José Rizal. This series were later overprinted with the word "VICTORY" on the reverse after the liberation of the Philippines under Japanese rule in 1944. 1949: Philippine Treasury Certificates issued with VICTORY
Version history Philippines (1936-1941)Victory Series No. 66 (1944)Victory-CBP Banknote Series (1949)ObverseReverse
Independence 1951: English series, Features the portrait of José Rizal, the national hero of the Philippines. The reverse features the landing of Ferdinand Magellan in the Philippines in 1521. 1973: The denomination was not included upon the introduction of the Pilipino series bills. It was later introduced in the Ang Bagong Lipunan series. The banknote adopts the design elements from the demonetized one peso bill; Rizal's profile is featured on the obverse, and on the reverse, it featured the Declaration of the Philippine Independence. The note is predominantly blue in color. 1985: The two peso bill was not included when the New Design series was introduced and was later replaced by coins two years before. The banknote was officially demonetized, together with the other Ang Bagong Lipunan series banknotes on February 2, 1996.
Version history English Series (1951–1974)Ang Bagong Lipunan Series (1973–1996)ObverseReverse
Commemorative issues Throughout its existence, the two peso bill has been overprinted to commemorate certain events: Papal visit of Pope John Paul II: In 1981, Bangko Sentral ng Pilipinas issued a commemorative banknote for the visit of Pope John Paul II in the Philippines. The overprint features his coat of arms and around it is "PAGDALAW NG PAPA JUAN PABLO II - PEB 17-22, 1981".
Printing years Banknote series Year President of the Philippines BSP Governor English Series 1951–1953 Elpidio Quirino Miguel Cuaderno Sr. 1953–1957 Ramon Magsaysay 1957–1960 Carlos P. Garcia 1961 Andres V. Castillo 1961–1965 Diosdado P. Macapagal Ang Bagong Lipunan Series 1973–1981 Ferdinand E. Marcos Gregorio S. Licaros 1981–1983 Jaime C. Laya
References