Philippines Commonwealth (Central Bank )First Fifty centavos issue. The ONLY note with reference to half/peso and 50 Centavos on the same note. ALSO, Note the strong U.S.influence..THIS NOTE IS LEGAL TENDER IN THE PHILIPPINES FOR ALL DEBTS PUBLIC AND PRIVATE. Mount Pinatubo in the background erupted in July 1991(3rd most conical-shaped mountain in the world)which hastened the departure of American presence in the Philippines, as ALL U.S Bases were abandoned. These included Subic Bay in Alongapo