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The twenty-five-sentimo coin (25¢) is the third-lowest denomination coin of the Philippine peso.. During Spanish administration, coins valued at 1 ⁄ 4 a Spanish dollar (or peso), equivalent to two reales, issued by Spain and Spanish America, were generally accepted in the Philippines as 25 centimos.
The Philippine peso is derived from the Spanish dollar or pieces of eight brought over in large quantities by the Manila galleons of the 16th to 19th centuries. From the same Spanish peso or dollar is derived the various pesos of Latin America, the dollars of the US and Hong Kong, as well as the Chinese yuan and the Japanese yen.
The twenty-centavo coin for the Philippines was introduced in the time of Queen Isabel II of Spain. The coin was not abundant in number until 1868, where more than 1 million coins were made, and 1868 became a common year minted on the twenty-centavo coin. [1] King Alfonso XII of Spain continued the minted of the coin during 1880 to 1885. [2]
In 1852, the Philippines first issued banknotes under El Banco Español Filipino de Isabel II (the present Bank of the Philippine Islands) in denominations of 10, 25, 50 and 200 pesos fuertes (strong pesos). A 1-peso note from the Treasury Certificate Series, which was introduced in 1918.
To encourage circulation, the denominations were modeled on those produced by the Spanish, namely a silver Peso similar to that minted in Madrid in 1897, denominations of fifty, twenty (instead of twenty-five), and ten Centavos, and a one Centavo similar in size to some pattern cents minted by the Spanish.
The BSP initially released five million pieces of the new 20, 50, 100, 500, and 1,000-peso bills with Duterte's signature. As for the 200-pesos bills, only two million pieces were released because of lower demand for this denomination. [5] In 2017, Bangko Sentral ng Pilipinas updated the design of the P200 and P1000 NGC series banknotes.
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On December 21, 2015, the BSP issued a commemorative 10-peso coin in honor of General Miguel Malvar, in time for the 150th year birth anniversary. [6] On January 27, 2017, the BSP issued a commemorative one-peso coin in honor of the Philippines' Chairmanship of the Association of Southeast Asian Nations (ASEAN). [7]