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Money circulating in philippines during pre spanish period?

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kinds of money circulating in philippines during pre-spanish period

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  1. From what I remember from my Sibika and Kultura, Araling Panlipunan and Kasaysayan lessons from elementary to college, prior to the colonization of the Spaniards, the Philippines has no currency.  In trading then, Filipinos used the barter system.  

    Here's what I found online for you:

    History of Philippine Money

    Pre-Hispanic Era

    Trade among the early Filipinos and with traders from the neighboring islands was conducted through barter. The inconvenience of barter later led to the use of some objects as medium of exchange. Gold, which was plentiful in many parts of the islands, invariably found its way into these objects that included the piloncitos, small bead-like gold bits considered by the local numismatists as the earliest coin of the ancient Filipinos, and gold barter rings.

    Read all about it in the link provided in the source field.


  2. In the eighteen century gold coins were issued for 1, 2 and 4 pesos.  Silver coins were minted  in denominations of 10, 20 and 50 centimos de peso, with silver 1-peso coins issued in 1897. During the Revolutionary period, coins were issued in copper for 1 and 2 centavos and 2 centimos de peso.

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