Ocampo, Ambeth R. (2020)
Book Summary
YAMAN History and Heritage in Philippine Money references the first globalization in the Manila-Acapulco Galleon Trade, when the Spanish silver dollar (Pilak) rose to become the first international currency. Then there was the introduction of paper money (Papel) that represented a value of gold and silver based on trust (Tiwala), the cornerstone of any monetary system.