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1 Peso

Issuer Philippine National Bank, Zamboanga Currency Committee
Year 1942
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Value 1 Peso
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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
Reverse description Plain unadorned letterpress reverse enclosed within a single-rule rectangular border; the denomination ONE PESO is set in large bold capitals at centre, with PHILIPPINE NATIONAL BANK CIRCULATING NOTE below and SERIES OF 1942 at foot, the entire design relying solely on typography with no vignettes, guilloche, or ornamental elements.
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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.

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