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| 正面描述 | Plain unadorned note with a simple typeset layout on white paper. The central text reads 'The Lanao Agency of the Philippine National Bank will pay to the bearer on demand the amount of this PHILIPPINE NATIONAL BANK Emergency Circulating Note of ONE PESO', with 'Series of 1942' and serial number appearing in two positions. At the lower portion, three signature blocks are designated for Prov'l. Treasurer (Chairman), Act'g. Prov'l. Fiscal (Member), and Prov'l. Auditor (Member), with 'Issued by Lanao Currency Committee' printed above them. Corner denominational markers read 'PE 1 SO' within ruled borders. |
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| 正面铭文 | The Lanao Agency of the Philippine National Bank will pay to the bearer on demand the amount of this PHILIPPINE NATIONAL BANK Emergency Circulating Note of ONE PESO Series of 1942 Issued by Lanao Currency Committee PROV'L. TREASURER CHAIRMAN ACT'G. PROV'L. FISCAL MEMBER PROV'L. AUDITOR MEMBER PE 1 SO |
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The Philippine National Bank's wartime emergency branches are among the most fragile chapters in Filipino monetary history. When the Japanese invasion forced the PNB to operate through outlying provincial agencies in 1942, Lanao — a Muslim-majority lake district in Mindanao — was issuing its own locally authorized notes almost entirely outside Manila's administrative reach. The agency issues were stopgap instruments, printed under dire conditions with whatever materials were available, and the Lanao series is among the scarcest of the lot.
Survivorship is low. Notes that did circulate were subject to the humidity and physical wear of wartime Mindanao, and many were simply destroyed or lost as the occupation tightened.