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1 Peso
| Issuer | Philippine National Bank, Zamboanga Currency Committee |
|---|---|
| Year | 1942 |
| Type | Standard circulation banknote |
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| Obverse description | Typeset emergency circulating note of purely letterpress construction, with the Philippine National Bank arms vignette at upper left; the central pledge text states that the Zamboanga Agency of the Philippine National Bank will pay to the bearer one Philippine Peso, with the denomination ONE PESO set in large bold capitals at centre and EMERGENCY CIRCULATING NOTE appearing above. Below the denomination runs the legend SERIES OF 1942 / ISSUED BY ZAMBOANGA CURRENCY COMMITTEE, followed by three manuscript signatures over printed title lines identifying the Acting Provincial Auditor / Member, Provincial Treasurer / Chairman, and Acting Provincial Governor / Member. |
|---|---|
| Obverse lettering | THE ZAMBOANGA AGENCY OF THE PHILIPPINE NATIONAL BANK WILL PAY TO THE BEARER THE AMOUNT OF THIS PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF ONE PESO Series of 1942 Issued by Zamboanga Currency Committee Actg. Provl. Auditor Member Provincial Treasurer Chairman Actg. Provl. Governor Member |
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| Comments |
The Zamboanga Currency Committee was one of several emergency civilian bodies that scrambled to produce local scrip after Japanese forces severed the Philippine islands from one another in early 1942. Zamboanga, on the western tip of Mindanao, remained under Commonwealth control long enough for provisional notes to be authorized, printed locally with whatever materials were at hand, and pushed into circulation before the Japanese occupation of the peninsula closed that window.
The Philippine National Bank's name on these notes is essentially borrowed authority — the actual issuing mechanism was the committee, not the bank's central operations.