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10 Pesos

Issuer Philippine National Bank, Bacolod Branch (Negros Occidental)
Year 1941
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Composition Paper
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Reverse description Plain unadorned reverse printed in brown on light paper, with a simple guilloche border running along all four edges. The denomination TEN PESOS is set in large bold type at the top centre, followed by PHILIPPINE NATIONAL BANK and EMERGENCY CIRCULATING NOTE in smaller letterpress. The lower portion carries the legend Issued by authority of the President of the Commonwealth of the Philippines, with the Roman numeral X and Arabic numeral 10 placed at the respective upper and lower corners.
Reverse lettering TEN PESOS
PHILIPPINE NATIONAL BANK
EMERGENCY CIRCULATING NOTE
Issued by authority of the President of the Commonwealth of the Philippines
X
10
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Comments

By late 1941, the Philippine National Bank's Bacolod branch was issuing its own emergency currency backed by local sugar industry assets — one of several provincial branches authorized to do so as Japanese forces advanced and communication with Manila collapsed. The Negros Occidental notes were produced under genuine wartime pressure, not as a precautionary measure, and the series circulated actively on the island during the occupation period.

S618 belongs to the Negros guerrilla currency family, a collecting area where forgeries and fantasy notes have historically muddied the waters. Provenance documentation matters here considerably more than it does for most Philippine issues of the period.

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