New Generation Currency Series banknotes.Early issue 1896 10 pesos note from El Banco Español-Filipino (1896).
Banknotes of the Philippine peso are issued by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) for circulation in the Philippines. The smallest amount of legal tender in wide circulation is ₱20 and the largest is ₱1000. The front side of each banknote features prominent people along with buildings, and events in the country's history while the reverse side depicts landmarks and animals.
The dimensions of banknotes issued since the US-Philippine administration, 16 x 6.6 cm, has remained the same on all subsequent Philippine peso banknotes (except pre-1958 centavo notes), and was introduced during William Howard Taft's tenure as governor-general of the Philippines. In view of its highly successful run, President Taft then appointed a committee that reported favorably on the advantages and savings from changing the size of United States banknotes to Philippine-size.[1]
Since 1928 the sizes of the United States Federal Reserve Notes and Philippine banknotes have therefore been nearly identical.
^Schwarz, John; Lindquist, Scott (September 21, 2009). Standard Guide to Small-Size U.S. Paper Money - 1928-Date. ISBN 9781440225789.
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