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5 Pesos
| Issuer | Philippine National Bank / Iloilo Currency Committee |
|---|---|
| Year | 1942-1944 |
| Type | Log in to see details |
| Value | 5 Pesos |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Portrait vignette of General Douglas MacArthur at left within a decorative border, with the Philippine National Bank seal at right and ornamental guilloche framework surrounding the text field. The note bears three manuscript signatures below the principal legend, with a circular Iloilo City validation stamp at right. Repeated value tablets reading FIVE PESOS appear at the vertical margins. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | PHILIPPINE NATIONAL BANK FIVE PESOS 5 ILOILO CITY PHILIPPINES DECEMBER 30 1942 EMERGENCY CIRCULATING NOTE OF 1942 |
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| Comments |
The Iloilo Currency Committee was one of several provincial emergency currency bodies that sprang up across the Philippine islands in the wake of the Japanese invasion, when the retreating Commonwealth government and disrupted banking infrastructure left local economies starved of circulating money. The Philippine National Bank lent its name and authority to these provincial issues, but production was entirely local — improvised printing on whatever paper and equipment was available in Iloilo City at the time.
Notes from this series are frequently encountered with uneven inking and registration problems, not as damage but as manufactured conditions. The wartime guerrilla currency connection also means many survivors were hidden for months or years, affecting paper quality in characteristic ways — foxing and fold-set are common, brittleness less so.