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This 20 Centavos was issued by the Central Bank of the Philippines in 1949-1969. It was printed by Waterlow and Sons, Limited. The color of this note is olive green which was printed on a light green background.
It was signed by Ramon Magsaysay as President of the Philippines and M.Quaderno as Governor of the Central Bank. According to Guy N. Davis, in his book entitled: Collecting Banknotes of the Central Bank of the Philippines (1988), there were 125 Million notes printed.