Catalog
1 Peso
| Issuer | Philippine National Bank, Iloilo City |
|---|---|
| Year | 1941 |
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| Value | 1 Peso |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1941 THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND ONE PESO IN LAWFUL CURRENCY OF THE PHILIPPINES ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES ILOILO CURRENCY COMMITTEE SERIES OF 1941 PESO |
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| Reverse lettering | ONE PESO PHILIPPINE NATIONAL BANK Iloilo City, Philippines, Dec. 30, 1941. ONE PESO 1941 EMERGENCY CIRCULATING NOTE One Peso |
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| Comments |
The Philippine National Bank's Iloilo branch issued this emergency note in 1941 under wartime emergency currency provisions, part of a broader decentralized effort to keep money circulating across the archipelago as Japanese invasion became increasingly likely. Branch-issued PNB notes from this period are distinct instruments — authorized locally, printed locally, and redeemable locally, which is why the issuing city appears prominently on the face rather than Manila.
Most Iloilo branch issues were rapidly pulled from circulation or destroyed following the Japanese occupation of Panay in April 1942, making survivors genuinely uncommon.