Paper money, Bonds and Shares
Lot 143:
Description
Step into the golden era of colonial banking in Asia with this extraordinarily scarce bill of exchange issued by the Banco Español Filipino, the forerunner of today’s Bank of the Philippine Islands (BPI)—the oldest bank in Southeast Asia. Dated August 30, 1884, this vibrant and ornate financial document represents the deep-rooted commercial ties between the Spanish Crown’s Pacific territories and the metropole, specifically Barcelona, Spain.
This bill was drawn at a time when the Philippines was under Spanish colonial rule, serving as a critical link in global trade between East and West. These types of documents played a vital role in international commerce, and this specific piece illustrates the formal and structured nature of 19th-century trans-Pacific banking.
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