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1 Peso
| Issuer | Philippine National Bank, Bacolod Branch (Negros Occidental) |
|---|---|
| Year | 1941 |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | The obverse presents a plain guilloche-patterned ground with the issuer's name 'PHILIPPINE NATIONAL BANK' printed in bold letterpress at the top, accompanied by the inscription 'EMERGENCY CIRCULATING NOTE OF 1941' and 'SERIES OF 1941'. The denomination 'ONE PESO' appears in large type at center, flanked by numeral '1' corner indicators and a red serial number, with the circular Philippine National Bank seal vignette at the right. Three signature lines appear at the bottom, attributed to the Provincial Fiscal Member, the Acting Manager of the PNB Bacolod Branch as Chairman, and the Acting Provincial Auditor as Member, all under the authority of the Negros Occidental Currency Committee. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in olive-green on a lightly ruled guilloche background, with the denomination 'ONE PESO' in large bold type at the top center, below which 'SECOND ISSUE' appears. The text 'PHILIPPINE NATIONAL BANK' and 'EMERGENCY CIRCULATING NOTE' are centered in the middle field, followed by the authority clause 'Issued by authority of the President of the Commonwealth of the Philippines'. Numeral '1' corner devices occupy all four corners within a sawtooth border. |
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| Comments |
Negros Occidental operated in near-total economic isolation after Japanese forces cut off the island from Manila's banking infrastructure in late 1941. The Philippine National Bank's Bacolod branch issued these emergency guerrilla notes to maintain a functioning local economy — they were never sanctioned by any central authority but circulated with widespread public acceptance because there was simply nothing else.
The S-prefix in the Pick reference denotes a provincial or emergency issue. Negros produced some of the more organized wartime currency in the archipelago, backed informally by local sugar revenues and the cooperative infrastructure of the sugar haciendas.