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5 Pesos
| Issuer | Philippine National Bank, Iloilo Currency Committee |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | 5 Pesos |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in red and displays the issuing bank name 'PHILIPPINE NATIONAL BANK' in an arched banner at the top, flanked by ornamental guilloche designs. The place and date of issue — 'Iloilo City' and 'December' with a partially legible year — are inscribed in the upper field, with 'Philippines' below. A large numeral '5' occupies the centre within a decorative cartouche, and the text 'Emergency Circulating Note of 1942' appears in the lower field above the bottom denomination panel reading 'FIVE PESOS.' |
| Reverse lettering | PHILIPPINE NATIONAL BANK Iloilo City Philippines December 5 Emergency Circulating Note of 1942 FIVE PESOS |
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| Comments |
The Iloilo Currency Committee notes of 1942 are among the more unusual wartime emergency issues in Philippine numismatic history. When Japanese forces advanced through the islands in early 1942, provincial officials and local branches of the Philippine National Bank scrambled to produce emergency currency before occupation cut off access to Manila. The Iloilo issues were printed locally under improvised conditions, with limited materials — which accounts for the inconsistent paper stocks and variable print quality seen across the series.
Genuine examples were in circulation for a matter of weeks before Iloilo fell. Survival rate is low, and forgeries contemporary to the period are documented.