Tuesday, May 30, 2017

Paper Peso

It celebration of Memorial Day in the U.S., a friend on Facebook shared a photo, originally posted by her local newspaper, of the edition published on August 14, 1945 announcing the U.S. victory over Japan ending World War Two.

The item I found particularly interesting was the paper Philippine peso in the lower right-hand corner. The 1 peso paper bank note was withdrawn from circulation in the 1970s. The note in the photo is part of the VICTORY-CBP Overprints series printed in 1949, and were not in circulation (obviously) when the August 14, 1945 newspaper was printed.

It's difficult to read, but the note states that, on demand, the bearer could receive either silver peso or legal tender currency of the United States.

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