Catalog
1 Peso
| Issuer | Philippine National Bank, Bacolod Branch (Negros Occidental) |
|---|---|
| Year | 1941 |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1941 SERIES 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 COMMONWEALTH OF THE PHILIPPINES NEGROS OCCIDENTAL CURRENCY COMMITTEE Prov. Fiscal Member Actg. Mgr. PNB Bacolod Branch Chairman Actg. Prov. Auditor Member |
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| Reverse lettering | ONE PESO SECOND ISSUE PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE Issued by authority of the President of the Commonwealth of the Philippines |
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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.