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The Philippine ten-peso coin (₱10) is the second largest denomination coin of the Philippine peso . Two versions of this denomination are in circulation; the bi-metallic coin, first issued in 2000, with the dual profiles of Andrés Bonifacio and Apolinario Mabini on obverse and the 1993 logo of the Bangko Sentral ng Pilipinas on the reverse.
Production and issuance of two additional silver and gold coins in 1000-peso and 10,000-peso denominations were called off due to limitations in the procurement process. 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.
After the United States took control of the Philippines, the United States Congress passed the Philippine Coinage Act of 1903, established the unit of currency to be a theoretical gold peso (not coined) consisting of 12.9 grains of gold 0.900 fine (0.0241875 XAU), equivalent to ₱2,640 as of December 22, 2010. [11]
The Philippine peso has since traded versus the U.S. dollar in a range of ₱24–46 from 1993 to 1999, ₱40–56 from 2000 to 2009, and ₱40–54 from 2010 to 2019. The previous 1903–1934 definition of a peso as 12.9 grains of 0.9 gold (or 0.0241875 XAU) is now worth ₱2,266.03 based on gold prices as of November 2021.
The 1⁄2 and 1 centavo coins were struck in bronze, the 5 centavo struck in copper (75%) - nickel (25%), the 10, 20, 50 centavo and peso coins were struck in a silver composition. From 1903 to 1906, the silver coins had a silver content of 90%, while those struck after 1906 had a reduced silver content of 75% for 10 through 50 centavos and 80% ...
The peso is the monetary unit of several Spanish-speaking countries in Latin America, as well as the Philippines. Originating in the Spanish Empire, the word peso translates to "weight". In most countries of the Americas, the symbol commonly known as dollar sign, "$", was originally used as an abbreviation of "pesos" and later adopted by the ...
Catholic ceremony in the Philippines, circa pre-1930. When the Spanish clergy were driven out in 1898, there were so few indigenous clergy that the Catholic Church in the Philippines was in imminent danger of complete ruin. Under American administration, the situation was saved and the proper training of Filipino clergy was undertaken. [9]
In 2019, the Philippines had a basic literacy rate of 93.8 percent of those five years old or older, [465] and a functional literacy rate of 91.6 percent of those aged 10 to 64. [466] Education, a significant proportion of the national budget, was allocated ₱900.9 billion from the ₱5.268 trillion 2023 budget. [ 438 ]