Today in Philippine History, November 26, 1898, Aguinaldo decreed authorizing the government to contract a loan of 20 million pesos On November 26, 1898, Emilio Aguinaldo issued a decree authorizing the revolutionary government in behalf of the national treasury, to contract a national loan worth 20 million pesos to be repaid up to 40 years from the issuance of such loan. The decree also authorized the circulation of paper money worth 3 million pesos redeemable in three years. Source: The laws of the first Philippine Republic (the laws of Malolos) 1898-1899. Compiled & edited by Sulpicio Guevara, 1972.
Posted on: Tue, 25 Nov 2014 22:42:17 +0000
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