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5 Pesos

Issuer Philippine National Bank, Misamis Occidental Agency (Mindanao)
Year 1942
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Value 5 Pesos
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Reverse description The reverse is printed in brown on cream paper and carries a central vignette of the Philippine coat of arms flanked by scrollwork and foliate ornaments. Large shield-shaped cartouches bearing the numeral '5' and the inscription 'FIVE PESOS' appear at each corner. The central legends read 'SERIES 1942' and 'PHILIPPINE NATIONAL BANK / FIVE PESOS' in bold letterpress type above and below the arms.
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Signature(s) F.O. Pacana, Ramon O. Nolasco and I. Barbasa
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Comments

The Philippine National Bank emergency notes issued by provincial agencies in 1942 exist because the Japanese occupation severed normal currency supply chains almost immediately after the invasion. Branch offices and regional agencies were authorized to produce their own notes to keep local commerce functioning — a decentralized response to a collapsing monetary infrastructure. Misamis Occidental, on the northwestern coast of Mindanao, remained under Filipino and American guerrilla influence longer than most regions, which gave these notes an unusually extended practical life.

Three signature fields is characteristic of the agency issues, reflecting local accountability structures. Many Mindanao emergency notes were deliberately destroyed before advancing Japanese forces could seize them.

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