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Looking Back

Coins, paper bills, and heroes

By Ambeth Ocampo

Philippine Daily Inquirer

First Posted 01:07:00 07/16/2008

Filed Under: history, Personalities, Human Interest

One of the most challenging exam questions I used to torment my students with required completing a table listing down all the coins and paper bills currently in use, from the one-centavo coin to the P1,000 bill. Worse, they had to list down the heroes commemorated in each without opening their wallets. We go on through life and see many things daily but we rarely notice. Coins and bills are exchanged every day, yet we hardly take the trouble to read the text on them or reflect on their design. I would like to think that by placing historical figures in our currency, the central bank, Bangko Sentral ng Pilipinas (BSP), is teaching us some form of history. Whether this is effective is another story. Poor Lapu-lapu used to be on the one-centavo coin. He was last seen on the coin with his earrings and head gear when the BSP made one-centavo coins in aluminum. It was so light it could float on water. This coin was even used by enterprising tailors as buttons, until the BSP reminded the public that it is unlawful to tinker with our currency. Then the heroes rightfully disappeared from the depreciating small-denomination coins that began to shrink. To save on metal these coins were even made lighter by a hole. How could we, in conscience, puncture a hole through Lapu-lapu, Balagtas, or Melchora Aquino? Few people realize that these coins though in use are rarely in circulation because the actual cost of making these lower-denomination coins is much higher than its face value! Metal prices being what they are today, the BSP has often caught people smuggling out our coins to be melted and re-used in other countries. The BSP periodically has a campaign to get coins out of piggy banks and into circulation again so that there will be no need to mint new ones. One would think that currency is a quiet business, until you get petitions from various groups asking for changes in design. For example, the people of Bulacan province want Barasoain Church reinstated on our paper bills. Then there was the "Pangitiin si Ninoy Movement," a lobby group that wrote the BSP governor requesting a change in the present P500 bill. They argued that Benigno Aquino Jr. doesn't smile. Worse, his pensive mood with a hand on his chin was not good for design or for feng shui. If we are to go by the records of the old Central Bank of the Philippines, the P500 bill was first issued during the post-Marcos or Cory Aquino administration, hence the predominant color yellow. The photograph of Ninoy was a personal favorite of the then president. My question was, why make Ninoy smile? Look at the other bills, and note that nobody smiles, except Josefa Llanes Escoda on the P1,000. The more important question should be, who gets into bank notes, coins and stamps and why? More than a historiographical issue is that of aesthetics and personal taste. There was a recent move to change the present P20 bill into a P20 coin. It was argued that coins last longer than paper. The historical figure on this denomination, Commonwealth President Manuel L. Quezon, would remain, but when consulted as a courtesy, the family of the late president wanted the image changed. They preferred an older, wiser looking Quezon. We were shown a photograph of Quezon and I gasped because he looked tubercular in the picture. What is wrong with the young Quezon on the present P20 bill? Why replace this with a tired, old Quezon? With due respect to the family, I argued: Shouldn't historical figures be better remembered at the height of their lives rather than in their twilight? Vain as he was, I'm sure Quezon would have wanted to look good for posterity. Here we have a question not of history but of popular memory, aesthetics, and our wish to be elevated by history. Even without going to school, Filipinos learn of historical personages by handling coins and bank notes. They also learn about historical places and landmark buildings by looking at the reverse of bank notes. In a sense, here is history in use, but whose history is being promoted? Who is the target audience? What is the intended result of this informal, some would say subliminal, historical lesson? Who are the historical persons, events and places that never get into Philippine currency and why? Take the trouble to notice and reflect, and you get more questions than answers.

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Q: Why is Rizal in one peso coin and not in higher bills?
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Why is rizal's face inscribe in one peso coin instead of a higher value?

It is stated that: "So that every Filipino may know Jose Rizal, his face must be inscribed in the denomination of the highest circulation." And since the one peso coin is the denomination that has the highest circulation, his face is inscribed there.


Why rizal put in one peso coin?

-kasi national hero si rizal e ung one peso ay basic money ng Philippines kaya ganun din it's because at one point in every Filipino's life, they will be able to hold a one peso coin, and they will know who the Jose Rizal is -- their National Hero.


Whose face was on the Philippine one peso bill?

The face of Dr. Jose Rizal, the Philippine national hero, was on the Philippine one peso bill. However, one Piso bills are no longer issued.


When was the Philippine 1 peso bill changed into a coin?

whose face was on the Philippine one peso bill? what national monument or event was on the back of the Philippine one peso bill? when was the Philippine one peso bill in circulation or in use? The Blue One Peso Bill with Jose Rizal's face on it was released in 1969 (The series was released in 1969 so I assume that it was released alongside the others). The first Jose Rizal 1-peso coin was released in 1972. BTW, there was also a one-peso bill and coin released during the American occupation with the peso having equivalent value as the US dollar. I'm not sure of this, i just put together some bits and pieces of things that I came across the web. Cheers!


What object or things represent Jose rizal?

Some people may say it's a pen, a 1-peso coin, or maybe even Luneta Park.

Related questions

Why is rizal's face inscribe in one peso coin instead of a higher value?

It is stated that: "So that every Filipino may know Jose Rizal, his face must be inscribed in the denomination of the highest circulation." And since the one peso coin is the denomination that has the highest circulation, his face is inscribed there.


Why Rizal is in a peso coin?

its because peso is the main money of the philippines..... thats why rizal is chosen to put in the coin not in anay larger amount because no matter how big is your money still it will carry the term "peso".whereas you will remember the national heroe of the philippines


Why rizal put in one peso coin?

-kasi national hero si rizal e ung one peso ay basic money ng Philippines kaya ganun din it's because at one point in every Filipino's life, they will be able to hold a one peso coin, and they will know who the Jose Rizal is -- their National Hero.


How much is a 100 peso coin from 2006 worth?

there is no 100 peso coin but if in peso coin you will multiply the 10 peso coin in 10


Whose face was on the Philippine one peso bill?

The face of Dr. Jose Rizal, the Philippine national hero, was on the Philippine one peso bill. However, one Piso bills are no longer issued.


When was the Philippine 1 peso bill changed into a coin?

whose face was on the Philippine one peso bill? what national monument or event was on the back of the Philippine one peso bill? when was the Philippine one peso bill in circulation or in use? The Blue One Peso Bill with Jose Rizal's face on it was released in 1969 (The series was released in 1969 so I assume that it was released alongside the others). The first Jose Rizal 1-peso coin was released in 1972. BTW, there was also a one-peso bill and coin released during the American occupation with the peso having equivalent value as the US dollar. I'm not sure of this, i just put together some bits and pieces of things that I came across the web. Cheers!


How is a peso coin made by?

a peso coin is made through melting of copper ores and molding it into peso coins


Circumference of a one-peso coin?

The circumference of a one peso coin is 2.4 cm. A peso is the currency for the country of Mexico.


What object or things represent Jose rizal?

Some people may say it's a pen, a 1-peso coin, or maybe even Luneta Park.


How much is a 20 peso coin from 2000 worth?

A Mexican 20 peso coin is worth about $1.57.


Why are newer peso bills worth more than older ones?

Due to inflation the Mexican peso became almost worthless. Small purchases were costing hundreds of peso. Instead of making 1000 peso coins and printing million peso bills, the new peso was introduced with a value of 1000 old peso.


What is a tijuana coin?

Peso