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1 Peso
| Issuer | Tesoro de las Islas Filipinas |
|---|---|
| Year | 1877 |
| Type | Log in to see details |
| Value | 1 Peso |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ISLAS FILIPINAS BILLETE DEL TESORO EMISION DECRETADA EN 6 DE ABRIL DE 1877 Ps.Fs.1 Ps.Fs.1 VALE POR UN PESO FUERTE AL PORTADOR Y SIN INTERES MANILA SERIE A NUMERO DEL BILLETE EL DIRECTOR ORAL DE H. EL CONTADOR ORAL DE H.P. EL TESORERO CENTRAL (Translation: The Philippine Islands Treasury Note. Issue decreed on April 6, 1877. Value for one hard peso to the bearer and without interest. Manila. Series A. Note number. The Director General of Treasury. The Comptroller General of Public Finance. The Central Treasurer.) |
| Reverse description | Reverse is blank, without any printed design, text, or ornamentation. |
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| Comments |
The Tesoro de las Islas Filipinas operated as a colonial treasury instrument rather than a central bank, issuing notes under direct Spanish metropolitan authority. By 1877, the Philippines still lacked a chartered bank of issue with meaningful circulation reach outside Manila, making these treasury notes the primary paper medium for larger commercial transactions — though coin remained dominant for ordinary exchange throughout the archipelago.
Locally printed in Manila at a time when most colonial currency of consequence came from European presses, which makes the production origin genuinely notable. Whether this reflects logistical pragmatism or a deliberate assertion of administrative self-sufficiency by the colonial government is not firmly settled in the literature.