Philippine Banknotes: 1991 5 PISO Second Plenary Council of the Philippines
“A plenary council is an assembly of all the members of the Church hierarchy and representatives of the clergy, Religious and laity.
The first Philippine council was in 1953, but according to Archbishop Cruz, many of its decrees were overtaken by Vatican Council II. In 1983, a new Code of Canon Law radically changed many Church laws.”
In 1991, Bangko Sentral ng Pilipinas made a commemorative overprint on the 5 PISO banknote to commemorate the Second Plenary Council of the Philippines. The council meeting was held on January 20 to February 17, 1991, at the San Carlos Seminary Complex in Makati and the minor seminary in Guadalupe.
The logo for the plenary council consists of a black circle that is asymmetrically divided into 4 quadrants by a cross. In the middle of that cross is the CHI-RHO symbol, composed of the letters “X” (CHI) and “P” (RHO) superimposed on each other. This symbol, according to some online sources, is a symbol for Christ. An outline of the Philippine archipelago is on the 2nd quadrant.
I must admit that I have little to no knowledge about the PCP II (Plenary Council of the Philippines 2). According to some online sources the need for PCP II was because of the following reasons.
- The many changes brought by the Second Vatican Council, including the revision of the Code of Canon Law.
- The changes that occurred from PCP I in 1953.
I got this banknote from a coin dealer. It was relatively cheap. From what I gather, it’s not a very rare nor popular overprint. From a collectors point of view, it is necessary to have this as part of a set.