Philippine Declaration of Independence
Following the end of World War II, the United States granted independence to the Philippines on 4 July 1946 via the Treaty of Manila. July 4 was observed in the Philippines as "Independence Day" until August 4, 1964 when, upon the advice of historians and the urging of nationalists, President Diosdado Macapagal signed into law Republic Act No. 4166 designating June 12 as the country's "Independence Day". June 12 had previously been observed as "Flag Day" and many government buildings are urged to display the Philippine Flag in their offices.
Bangko Sentral ng Pilipinas
By 1933, a group of Filipinos had conceptualised a central bank for the Philippine Islands. It came up with the rudiments of a bill for the establishment of a central bank after a careful study of the economic provisions of the Hare–Hawes–Cutting Act, which would grant Philippine independence after 12 years, but reserving military and naval bases for the United States and imposing tariffs and quotas on Philippine exports. However, the Hare–Hawes–Cutting Act would be rejected by the Senate of the Philippines at the urging of Commonwealth President Manuel L. Quezon. This Senate then advocated a new bill that won United States President Franklin D. Roosevelt's support, this would be the Tydings–McDuffie Act, which would grant Philippine independence on July 4, 1946.