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| 正面描述 | The note is printed in black on an orange-tinted underprint with an ornate guilloche border running the full perimeter, with denomination counters reading '20 PESOS' in each corner. At left centre, a circular authorization seal inscribed 'ISSUED BY THE CEBU CURRENCY COMMITTEE BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES OF DECEMBER 29 1941' serves as the issuing authority vignette, while the Philippine National Bank circular seal appears at right. The central field carries the bearer clause in letterpress type, with three facsimile signatures below identifying the Fiscal of the Province of Cebu (Member), the Acting Manager of PNB Cebu (Chairman), and the Auditor of the Province of Cebu (Member), with a red serial number appearing at lower left and upper right. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | The reverse is printed in black on the same orange-tinted underprint, with an identical guilloche border and denomination counters in all four corners. The upper portion carries the issuer name 'PHILIPPINE NATIONAL BANK' in bold arched lettering, below which a large outlined numeral '20' occupies the centre of the field. The place and date of issue, 'CEBU CITY, PHILIPPINES, DECEMBER 29, 1941', is set across the numeral in a horizontal band, and the legend 'EMERGENCY CIRCULATING NOTE OF 1941' appears beneath in bold letterpress. |
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The Cebu Currency Committee was formed in late 1941 as Japanese forces advanced through the Philippine archipelago, severing normal banking and supply lines. With no access to Manila — and certainly none to established security printers abroad — the Philippine National Bank's Cebu branch improvised emergency currency on whatever stock was available locally. The result was a series of notes printed under genuinely austere wartime conditions, with production quality varying considerably across the run.
P#S218 is a guerrilla-adjacent emergency issue in the strictest sense: authorized by a committee rather than a functioning central authority, and produced without the security features that characterized prewar PNB notes. Inks, paper quality, and impression consistency all fluctuate between surviving examples.