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1 Peso
| Issuer | Philippine National Bank, Iloilo Currency Committee |
|---|---|
| Year | 1941 |
| Type | Local banknote |
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| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Green and black emergency circulating note with a guilloche-patterned border framing the entire face. The central text panel carries the issuing bank name and denomination in bold letterpress, with the serial number and series date printed in red at left and right. Three manuscript signatures of committee members appear along the lower portion, with their respective titles, below the ILOILO CURRENCY COMMITTEE legend. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Plain green guilloche underprint covers the entire reverse, with the denomination ONE PESO in large bold type at the top centre, followed by the issuing bank name and place of issue. The value ONE PESO is repeated in smaller text at the left and right margins, and a central overprint reads ONE PESO 1941 EMERGENCY CIRCULATING NOTE within a decorative surround. |
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| Comments |
The Iloilo Currency Committee was one of several provincial emergency authorities that scrambled to produce local currency in the immediate aftermath of the Japanese invasion in December 1941. With the Philippine National Bank's Manila operations disrupted and regular note supply cut off, regional committees issued their own obligations to keep commerce functional. Iloilo's notes were printed locally — a fact reflected in their sometimes inconsistent impression quality.
These emergency issues circulated only briefly before Japanese forces occupied the Visayas in 1942, at which point the Japanese Military Administration invalidated all Commonwealth-era currency. Most surviving examples show hard use in that compressed window.