Catalog
1 Peso
| Issuer | Philippine National Bank, Iloilo City |
|---|---|
| Year | 1942 |
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| Reference(s) | P#S324 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1942 ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND ONE PESO In Lawful Currency Of The Philippines ILOILO CURRENCY COMMITTEE SERIES OF 1942 PESO |
| Reverse description | Log in to see details |
| Reverse lettering | PHILIPPINE NATIONAL BANK Iloilo City, Philippines, Dec. 30, 1942 ONE PESO One Peso 1942 EMERGENCY CIRCULATING NOTE |
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| Comments |
The Philippine National Bank's Iloilo branch issues occupy an unusual corner of wartime Philippine currency. When Japanese forces advanced through the islands in late 1941 and early 1942, several regional branches issued their own emergency notes independently, without coordination from Manila — which had already fallen. The Iloilo issues were among the last produced before Japanese occupation of Panay in April 1942 forced a halt.
Locally printed under severe material constraints, these notes show considerable variation in paper quality and impression consistency across surviving examples. The S-prefix Pick numbers signal their status as siege or emergency issues rather than central bank production.