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Barter rings ( Tagalog: ''panika'') are ring-shaped gold ingots used as currency in the
Central Bank of the Philippines – Money museum
* {{Philippine peso history Ancient currencies Medieval currencies Modern obsolete currencies Philippines currency history 1600 disestablishments
Barter rings ( Tagalog: ''panika'') are ring-shaped gold ingots used as currency in the Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no),
* bik, Republika kan Filipinas
* ceb, Republika sa Pilipinas
* cbk, República de Filipinas
* hil, Republ ...
until the 16th century. These barter rings are bigger than a doughnut in size and are made of nearly pure gold.
Description
The early Filipinos traded ''piloncitos
Piloncitos (also known as bulawan, and as "granitos de oro" in very early records) are small "bead-like" pieces of gold which were used as currency during the Philippines' Archaic period and in the earliest years of the country's Spanish coloni ...
'' along with barter rings.
Barter rings varies in thickness with a dual purpose: round hollow circlets of gold used as earrings or anklets by ''kadatuan
''Kedatuan'' (ancient or Sundanese spelling: ''kadatuan''; Javanese romanization: ''kedaton'') were historical semi-independent city-states or principalities throughout ancient Maritime Southeast Asia in present-day Indonesia, Malaysia, and th ...
'' and high-ranking nobility, aside for money. They are also very similar to the first coins invented in the Kingdom of Lydia
Lydia (Lydian language, Lydian: 𐤮𐤱𐤠𐤭𐤣𐤠, ''Śfarda''; Aramaic: ''Lydia''; el, Λυδία, ''Lȳdíā''; tr, Lidya) was an Iron Age Monarchy, kingdom of western Asia Minor located generally east of ancient Ionia in the mod ...
in present-day Turkey
Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...
. Barter rings were circulated in the Philippines up to the 16th century. As the discovery of gold deposits were seen by the locals, the precious metal was mined and worked in the Philippines, evidenced by many Spanish
Spanish might refer to:
* Items from or related to Spain:
**Spaniards are a nation and ethnic group indigenous to Spain
**Spanish language, spoken in Spain and many Latin American countries
**Spanish cuisine
Other places
* Spanish, Ontario, Can ...
accounts like one in 1586 that stated:
See also
* ''Piloncitos
Piloncitos (also known as bulawan, and as "granitos de oro" in very early records) are small "bead-like" pieces of gold which were used as currency during the Philippines' Archaic period and in the earliest years of the country's Spanish coloni ...
'' and Siam
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Mainland Southeast Asia, Indochinese Peninsula, spanning , with a population of almost 70 mi ...
ese '' photduang''
* History of Philippine money
The history of Philippine money covers currency in use before the Hispanic era with gold Piloncitos and other commodities in circulation, as well as the adoption of the peso during the Hispanic era and afterwards.
The Philippine peso is ultimate ...
* Philippine peso
The Philippine peso, also referred to by its Tagalog name ''piso'' (Philippine English: , , plural pesos; tl, piso ; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 ''sentimo'', also called ce ...
, the currency of the modern Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no),
* bik, Republika kan Filipinas
* ceb, Republika sa Pilipinas
* cbk, República de Filipinas
* hil, Republ ...
.
* Philippine real The Philippine real was the currency of the Philippines during the Spanish Colonial Era. Brought over in large quantities by the Manila galleons, eight silver reales made up a silver peso or a dollar. 16 silver real were equal to one gold escudo.
...
* List of historical currencies
This is a list of historical currencies.
Greece
* Aeginian stater (gold)
* Corinthian stater (silver)
* Aurous
* Athenian drachma (silver)
*Stater (silver)
*Tetradrachm (silver)
*Drachma (silver)
** Alexandrian coinage
** Ptolemaic coinage
** Se ...
References
External links
* https://asiasociety.org/new-york/exhibitions/philippine-gold-treasures-forgotten-kingdomsCentral Bank of the Philippines – Money museum
* {{Philippine peso history Ancient currencies Medieval currencies Modern obsolete currencies Philippines currency history 1600 disestablishments