100 Pesos (Philippine Independence) – Philippines
Non-circulating coins
Commemoration: 125th Anniversary of Philippine Independence
Series: Independence and Nationhood
Philippines
Context
Material
Diameter: 34 mm
Weight: 15 g
Shape: Round
Composition: Nordic gold
Magnetic: No
Alignment: Medal alignment
flip
References
KM: #Click to copy to clipboard318
Numista: #368274
Value
Exchange value: 100 PHP = $1.74
Obverse
Description:
The 1898 Philippine Declaration of Independence in Kawit, Cavite, featuring the 125th Anniversary logo and an octagonal border for the eight revolutionary provinces: Manila, Cavite, Bulacan, Pampanga, Nueva Ecija, Laguna, Tarlac, and Batangas.
Inscription:
100 PISO
PAGPAPAHAYAG SA KALAYAAN NG PILIPINAS, KAWIT, CAVITE, 12 HUNYO 1898
125
REPUBLIKA NG PILIPINAS
KALAYAAN, KINABUKASAN, KASAYSAYAN
PAGPAPAHAYAG SA KALAYAAN NG PILIPINAS, KAWIT, CAVITE, 12 HUNYO 1898
125
REPUBLIKA NG PILIPINAS
KALAYAAN, KINABUKASAN, KASAYSAYAN
Translation:
100 PISO
DECLARATION OF PHILIPPINE INDEPENDENCE, KAWIT, CAVITE, 12 JUNE 1898
125
REPUBLIC OF THE PHILIPPINES
FREEDOM, FUTURE, HISTORY
DECLARATION OF PHILIPPINE INDEPENDENCE, KAWIT, CAVITE, 12 JUNE 1898
125
REPUBLIC OF THE PHILIPPINES
FREEDOM, FUTURE, HISTORY
Script: Latin
Reverse
Description:
125th Philippine Independence Anniversary, featuring an arched "Lupang Hinirang," a central BSP logo, and an octagonal border symbolizing the eight revolutionary provinces.
Inscription:
125TH ANNIVERSARY OF PHILIPPINE INDEPENDENCE AND NATIONHOOD
LUPA NG ARAW
NG LUWALHATI’T PAGSINTA
BUHAY AY LANGIT SA PILING MO
AMING LIGAYA, NA ‘PAG MAY NANG-AAPI
ANG MAMATAY NANG DAHIL SA IYO.
BANGKO SENTRAL NG PILIPINAS
2023
LUPA NG ARAW
NG LUWALHATI’T PAGSINTA
BUHAY AY LANGIT SA PILING MO
AMING LIGAYA, NA ‘PAG MAY NANG-AAPI
ANG MAMATAY NANG DAHIL SA IYO.
BANGKO SENTRAL NG PILIPINAS
2023
Translation:
Land of the Sun,
Of Glory and Love.
Life is Heaven in Your Embrace,
Our Joy, that when there are Oppressors,
To Die for Your Sake.
Central Bank of the Philippines
2023
Of Glory and Love.
Life is Heaven in Your Embrace,
Our Joy, that when there are Oppressors,
To Die for Your Sake.
Central Bank of the Philippines
2023
Script: Latin
Language: Tagalog
Edge
Reeded
Categories
| Event> Independence |
Mints
| Name | Mark |
|---|---|
| BSP Security Plant Complex | (PI) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2023 | PI | — |
Historical background
The Philippine peso faced significant pressure throughout 2023, emerging as one of the worst-performing currencies in Asia for the year. Its primary driver was a pronounced interest rate differential with the United States. As the US Federal Reserve aggressively raised rates to combat inflation, the Bangko Sentral ng Pilipinas (BSP) pursued a more cautious tightening path. This gap made dollar-denominated assets more attractive, leading to capital outflows and weakening the peso, which breached the psychological ₱57-to-the-dollar mark and averaged near ₱56 for the year.
Domestically, the currency's weakness was compounded by the country's widening trade deficit. The Philippines' need to import essential goods—particularly energy and food—remained high, while export growth was muted. This structural imbalance increased demand for US dollars to pay for imports, further pressuring the peso. While overseas Filipino worker (OFW) remittances and business process outsourcing (BPO) revenues provided a crucial buffer for the balance of payments, they were insufficient to fully offset the outflow from the trade gap and investment shifts.
In response, the BSP maintained a hawkish stance, implementing off-cycle rate hikes and signaling its commitment to currency stability and inflation management. The central bank also intervened directly in the foreign exchange market to smooth volatility. By year-end, the peso had stabilized but remained vulnerable, with its trajectory heavily tied to the US Fed's future policy moves and the global economic climate. The situation underscored the ongoing challenge of managing inflation, supporting growth, and maintaining external stability in an uncertain global financial environment.
Domestically, the currency's weakness was compounded by the country's widening trade deficit. The Philippines' need to import essential goods—particularly energy and food—remained high, while export growth was muted. This structural imbalance increased demand for US dollars to pay for imports, further pressuring the peso. While overseas Filipino worker (OFW) remittances and business process outsourcing (BPO) revenues provided a crucial buffer for the balance of payments, they were insufficient to fully offset the outflow from the trade gap and investment shifts.
In response, the BSP maintained a hawkish stance, implementing off-cycle rate hikes and signaling its commitment to currency stability and inflation management. The central bank also intervened directly in the foreign exchange market to smooth volatility. By year-end, the peso had stabilized but remained vulnerable, with its trajectory heavily tied to the US Fed's future policy moves and the global economic climate. The situation underscored the ongoing challenge of managing inflation, supporting growth, and maintaining external stability in an uncertain global financial environment.
✨ Legendary