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| Issuer | Philippine National Bank, Misamis Occidental Agency (Mindanao) |
|---|---|
| Year | 1942 |
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| Value | Log in to see details |
| Currency | Peso (1903-1949) |
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| Obverse description | Salmon-toned emergency circulating note printed by letterpress, with a bold repetitive decorative border framing the central text block. The face carries the full promise-to-pay legend attributing the obligation to the Misamis Occidental Agency of the Philippine National Bank, the denomination TWENTY CENTAVOS in large bold type, and the subtitle identifying the Misamis Occidental Currency Committee as issuing authority. Three manuscript signatures, each identified by printed name and official title, appear across the lower portion, with the serial number printed twice in red in the upper register. |
|---|---|
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| Reverse lettering | PNB EMERGENCY CIRCULATING NOTE 20 CENTAVOS 20 CENTAVOS 20 CENTAVOS 20 CENTAVOS 20 CENTAVOS |
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| Comments |
The Philippine National Bank's network of provincial emergency notes issued during the Japanese occupation represents one of the more fragmented currency stories of the Pacific War. By mid-1942, Japanese military scrip was being pushed into circulation but local agencies were still producing their own fractional notes to address the near-total breakdown of small-denomination coinage. Misamis Occidental, on the northern coast of Mindanao, was among the more active provincial issuers — the three-signature authorization format reflects the agency's attempt to maintain institutional legitimacy under deteriorating conditions.
Mindanao held out longer than Luzon, and some provincial note issues continued into late 1942 before Japanese control forced a halt. The three signatories — Pacana, Nolasco, and Barbasa — were local bank officials, not Manila appointees.