Prime Minister of the Philippines
On December 10, 1898, on the other hand, the war between United States and Spain was concluded with Spain giving up all rights to Cuba and surrendering the Philippines, Guam and Puerto Rico to the United States. Two days later, Aguinaldo ordered his lawyer Felipe Agoncillo to contest the Philippine status as an independent nation and no longer a Spanish colony since the declaration of independence on June 12, 1898. However, the United States did not recognize Philippine sovereignty and announced their interest to annex the country by January 1899. This brought into serious foreign conflict when the Republic was formally established in January 23 at Malolos. By January 30, Aguinaldo resent Agoncillo, this time to the United States Senate, so as to reconsider their plans to annex the country and instead formally recognize Filipino independence.
History of Philippine money
Asserting its independence after the Philippine Declaration of Independence on June 12, 1898, the "República Filipina" (Philippine Republic) under General Emilio Aguinaldo issued its own coins and paper currency backed by the country’s natural resources. The coins were the first to use the name "centavo" for the subdivision of the peso. The island of Panay also issued revolutionary coinage. After Aguinaldo's capture by American forces in Palanan, Isabela on March 23, 1901, the revolutionary peso ceased to exist.