Cory 500 bill nearing circulation

The long wait of collectors and followers of the late Cory Aquino is finally over as the government is nearing the issuance of the proposed five-hundred peso bill featuring the late president Corazon C. Aquino for circulation, a senior central bank official said.The new legal tender secured approval from the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board, the agency’s policy-making body, and Malacañang before the end of the year as part of the intended goal of the BSP to redesign our currency.The new notes are expected to be in circulation before the year ends but special trials and special issues would become available to collectors before...

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4 students claim to have dug up old Japanese bills, gold coins

Four elementary students in Jaen, Nueva Ecija, a province located a hundred of kilometers up north of Manila reportedly dug a box containing several Japanese paper money and gold coins. Report says that the students were called by a school teacher when she found that the four students were playing their with finds. One of them claimed that among the notes and the coins were pieces of documents which were written in unknown characters and in red ink. "I tried to erase it, but the red ink won't go." one of them added.The school teacher explained to the media that she did not see any gold coins among those she confiscated. "Those were included in the hoard were just play money," she explained.This page requires a higher version browserVideo courtesy of GMANews.tvThe students added that their...

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Special Economic Report: 4 Rural Banks in Pampanga went on holiday 2 days before New Year

This page requires a higher version browserSta. Rita Rural Bank went on HolidayThe public has not yet fully recovered from the bank closures earlier this month, another wave of another bank closures happened two days before the News Year begins. Just this December alone, 10 banks have been seized by the Philippine Deposit And Insurance Corporation (PDIC), 8 which are owned by the Legacy Group who is also the owner of the Legacy Plans that ceased operation in the middle of this month.All of the rural bank branches that recently went on holiday are located in Pampanga. As the Global Financial Crisis unfolds in the coming year, many analyst foresee that the worst is yet to come to the banking and financial industry.next>>&...

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The 1972 Marcelo H. Del Pilar 50 Centavos Trial Piece in Copper

The 1972 Marcelo H. De Pilar Trial Strike in CopperDuring the introduction of the new coins and the second term of then president Ferdinand Marcos in 1966, several pattern coins were created by then prominent medal designer and a former member of the Philippine Numismatic & Antiquarian Society (PNAS), Jose Tupaz Jr. Among the known varieties by Jose Tupaz, Jr. were coins which featured the first couple heads, the former president, the pope & the former president, and the national hero Juan Luna, which surprisingly, was the only hero included in the project. The patterns were later refined and the official coin set was released in 1967,...

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