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2 Pesos
| Issuer | Iloilo Currency Committee / Philippine National Bank |
|---|---|
| Year | 1944 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#S340 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | TWO PESOS THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND TWO PESOS IN LAWFUL CURRENCY OF THE PHILIPPINES ILOILO CURRENCY COMMITTEE SERIES OF 1944 |
| Reverse description | Black letterpress note with a matching decorative border of scrollwork and corner numeral '2' vignettes. The heading 'TWO PESOS' and 'Philippine National Bank' appear at top, with the place and date of issue — Iloilo City, Philippines, May 1, 1944 — flanking a large underprinted numeral '2' at centre. The statutory authority clause 'By Authority of the President of the Philippines — Emergency Circulating Note of 1944' is printed at the foot, with the word 'PESOS' running vertically along both lateral borders. |
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| Comments |
The Iloilo Currency Committee notes of 1944 were emergency guerrilla issues, authorized locally as Japanese occupation forces controlled Manila and rendered official Commonwealth currency increasingly difficult to obtain or trust. The Philippine National Bank's nominal involvement gave these notes a degree of institutional credibility, but production was essentially a provincial wartime improvisation — printed locally in Iloilo, Panay, under conditions far removed from any central banking infrastructure.
Survival rates vary sharply depending on how close a given cache came to Japanese seizure operations, which actively targeted guerrilla currency as a way of disrupting resistance supply lines.