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5 Pesos
| Issuer | Philippine National Bank, Iloilo City |
|---|---|
| Year | 1944 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Reference(s) | P#S341 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PHILIPPINE NATIONAL BANK Emergency Circulating Note of 1944 Issued by Authority of the President of the Philippines THE Philippine National Bank WILL PAY THE BEARER ON DEMAND FIVE PESOS In Lawful Currency of the Philippines ILOILO CURRENCY COMMITTEE MacArthur Series of 1944 Iloilo City May 1, 1944 196630 |
| Reverse description | The reverse is printed in rose on plain paper with a large guilloché numeral "5" at center within an ornate oval frame, flanked by decorative floral and geometric border elements. The inscriptions "Iloilo City" and "Philippines" appear to the left of the numeral, with the date "May 1, 1944" to the right. The lower margin carries the legend "Emergency Circulating Note of 1944" with small ornamental devices on either side, and FIVE PESOS in the bottom border. |
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| Comments |
The Philippine National Bank's wartime emergency notes, issued from regional branches rather than Manila, were a direct response to the Japanese occupation cutting off central banking functions. The Iloilo branch series was authorized under guerrilla government authority in the Visayas, where provincial officials maintained a fragile civilian administration outside Japanese control.
These locally printed notes are notoriously crude by any production standard — the printing equipment available in Iloilo in 1944 was whatever could be sourced under occupation conditions. Ink bleed and misaligned impressions are the norm, not signs of damage.