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10 Pesos
| Issuer | Philippine National Bank / Iloilo Currency Committee |
|---|---|
| Year | 1942-1944 |
| Type | Local banknote |
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| Obverse description | A portrait vignette of Manuel L. Quezon is positioned at the left, flanked at right by the circular seal of the Iloilo Currency Committee, both set over a salmon-orange floral guilloche underprint. The central text block combines blackletter and roman typefaces to carry the bearer demand clause and denomination in large bold letterpress. Three manuscript signatures appear along the lower margin, attributed to the Acting Provincial Auditor, the Acting Manager of the Philippine National Bank Iloilo branch as Chairman, and the Acting Provincial Fiscal as members of the Currency Committee. |
|---|---|
| Obverse lettering | TEN PESOS PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1944 ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND TEN PESOS IN LAWFUL CURRENCY OF THE PHILIPPINES ILOILO CURRENCY COMMITTEE TEN PESOS SERIES OF 1944 ILOILO CITY MAY 1, 1944 |
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| Comments |
The Iloilo Currency Committee was one of several regional emergency bodies that issued guerrilla currency during the Japanese occupation of the Philippines. These notes circulated in Iloilo province under the authority of the Philippine National Bank as part of a broader effort to maintain a functioning local economy outside Japanese-controlled financial channels — possession alone was enough to draw serious reprisals from occupation forces.
Printed locally under wartime conditions, the paper and ink quality varies considerably across the series. S314 issues are known to show significant foxing and fragility along fold lines, a direct consequence of the materials available in occupied Panay.