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50 Centavos
| Issuer | Philippine National Bank, Iloilo City |
|---|---|
| Year | 1941 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | Orange note with the same guilloche border framework as the obverse, with '50' numerals and 'CENTAVOS' repeated along all margins. The upper central area carries the inscription 'PHILIPPINE NATIONAL BANK' above 'FIFTY CENTAVOS' in bold lettering. A large circular overprint at centre reads 'EMERGENCY CIRCULATING NOTE' with text referencing authority granted by the President of the Philippines, below which appears 'ILOILO CITY, PHILIPPINES / DECEMBER 20, 1941'. |
| Reverse lettering | CENTAVOS 50 PHILIPPINE NATIONAL BANK FIFTY CENTAVOS EMERGENCY CIRCULATING NOTE THE ILOILO CURRENCY COMMITTEE FROM THE PRESIDENT OF THE PHILIPPINES ILOILO CITY, PHILIPPINES DECEMBER 20, 1941 |
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| Comments |
The Philippine National Bank's provincial emergency notes of 1941 are among the more historically loaded pieces of Filipino paper money. Iloilo City was a major commercial hub on Panay Island, and the PNB branch there was authorized to issue these fractional emergency notes as the banking system strained under wartime uncertainty — the Japanese invasion began in December 1941, just months after this series was dated.
Many Iloilo branch notes were destroyed or lost during the occupation. Survivors often show circulation damage consistent with the chaotic conditions of late 1941 and early 1942.