(1949) PHILIPPINES 1 PESO ~ CENTRAL BANK OVERPRINT ~ P-117

The (1949) Philippines 1 Peso banknote with the Central Bank overprint, designated as P-117, is a significant piece of currency from the Philippines. Here's some information about it:

- **Year of Issue**: The banknote is commonly referred to as being from 1949, although the actual year of issue may vary.

- **Denomination**: The banknote has a face value of 1 Peso, which was the standard unit of currency in the Philippines at the time.

- **Central Bank Overprint**: The Central Bank of the Philippines was established in 1949, and this overprint likely signifies that the banknote was revalidated or updated to reflect the authority of the Central Bank.

- **Design**: The design of the banknote likely features various symbols, imagery, and elements significant to the Philippines during that period. This could include portraits of notable figures in Philippine history, landmarks, cultural motifs, or representations of the country's natural resources.

- **Color Scheme**: The color scheme of the banknote may vary, but it likely includes colors commonly associated with Philippine currency, such as shades of blue, green, and brown.

- **Security Features**: Banknotes from this period may have limited security features compared to modern banknotes. However, they may still include elements such as watermarks, security threads, or special inks to deter counterfeiting.

- **Condition**: The condition of the banknote can significantly affect its value. An Uncirculated (UNC) banknote is one that has not been used and shows no signs of wear. However, banknotes from this era may have varying degrees of wear and tear depending on their circulation history.

Overall, this Philippines 1 Peso banknote with the Central Bank overprint represents an important piece of the country's monetary history and holds significance for collectors of Philippine currency and numismatics.