FULL-BODIED MONEY
banks using crude ink and materials
- Money whose value as a commodity for
non-monetary purposes is as great as its
value as money
REPRESENTATIVE FULL-BODIED MONEY
- Usually made of paper
- It has no significant value as a
commodity, but it represents in
circulating an amount of metal with a
commodity value equal to the value of
the money.
Gold Certificate
Credit Money/ Fiat money
- Any money, except of representative
full-bodied money, that circulates at a
value greater than the commodity value
of the material from which it is made.
- It can also result as the issuing authority
buys all the money material offered to
it, but at a price significantly below the
monetary or face value of the money
into which it is transformed
TYPES OF MONEY ISSUED IN THE PHILIPPINES
1. Standard Money – Central Bank Notes
2. Representative Money – Philippine
Treasury Certificates 1903
3. Convertible Representative Money –
Philippine Treasury Certificates 1903
4. Fiat money (old concept) – Japanese
War notes
5. Fiat Money (current concept) – bangko
sentral notes
6. Token coins – Metallic Coins
7. Credit Money – Bangko Sentral Notes
GUERILLA NOTES
- Printed by local government units and
FORMS OF MONEY
1. Commodity Money
- It has its own value other than using it
as money
- It has its own intrinsic value, the value
of the commodity itself.
Ex: shells & cattle
2. Currency (Bills & Coins)
- The government of any country issues
currency that is legal tender in the
country,
- These bills and coins are in different
denominations (the divisibility feature),
minted and printed, by the central bank
of a country.
- Domestic currency can only be used in
its country of origin.
3. Check
- It is generally used by businesses and
persons in conducting business, as well
as personal transactions.
- It is a written order to a bank (drawee),
by the person, who issues the check
(maker or drawer) to pay someone
whose name is written on the face of
the check (payee) a certain amount of
money on demand (upon
presentation/immediately) or at a
future date (post-dated check).
PARTIES TO A CHECK
1. Maker - the drawer or writer of the
check
2. Drawee- the bank which is order to pay
the payee
3. Payee – the one to whom the check is
to be paid
SECURITY FEATURES OF PHILIPPINE MONEY
1. Watermark- “silhouette” 25 sentimo
2. See-thru Mark
Diameter: 20 mm
3. Inspect the security fibers- “blue and
red visible fibers Edge: Plain
4. View the embedded security thread-
“broken line”, “metallic strip that Color: Silver
changes in color Sun and 4 star
5. Check the concealed value
6. Check the optically variable link-
changes color from green to blue or 5 sentimo
blue to green
7. Optically Variable Device (OVD) Patch- a Diameter: 16 mm
reflective foll that bears images of the
Edge: needed
blue naped parrot for 500 piso. South
Sea pearl inside a clam for 1000 Piso Silver

Sun and 3 star

10 Piso

Diameter: 27 mm 1 sentimo

Character: Apolinario Mabini Diameter:15 mm

Edge: milled with edge littering Edge: Plain

Silver Color: Silver

Sun and 3 star

5 Piso

Diameter: 25 mm

Character: Andres Bonifacio

Edge: Plain

Silver

1 Piso

Diameter: 23 mm

Edge: intermittent needs

Silver

Character: Jose Rizal