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5 Pesos
| Issuer | Philippine National Bank, Iloilo City |
|---|---|
| Year | 1941 |
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| Value | Log in to see details |
| Currency | Peso (1903-1949) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1941 ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND FIVE PESOS In Lawful Currency Of The Philippines ILOILO CURRENCY COMMITTEE SERIES OF 1941 |
| Reverse description | The reverse is printed entirely in red on a dense guilloche latticework ground, with large Roman numeral V in each corner serving as the principal decorative motif. The header PHILIPPINE NATIONAL BANK is printed at the top, followed by the place and date line Iloilo City, Philippines, Dec. 30, 1941; the denomination FIVE PESOS appears in a central panel and is repeated in the left and right margins, with EMERGENCY CIRCULATING NOTE inscribed along the lower border and the year 1941 centred beneath the main panel. |
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| Comments |
The Philippine National Bank's provincial branch issues of 1941 are among the more unusual products of wartime financial improvisation in the Pacific. With Japanese forces advancing and Manila's central facilities inaccessible or threatened, several PNB branches were authorized to produce their own emergency notes locally — Iloilo being one of the few that actually followed through before the city fell in April 1941.
Locally printed notes from this period are notably crude by central bank standards, a direct consequence of using whatever commercial printing resources were available in provincial cities. Survivors are scarce; most were redeemed, destroyed, or simply consumed by the chaos of the occupation.