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1 Peso

Emittent Philippine National Bank, Lanao Agency
Jahr 1942
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Währung Peso (1941-1945)
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Vorderseitenbeschreibung Plain letterpress note printed in black on white paper, with the denomination «PE 1 SO» repeated in each corner. The central text block states the obligation of the Lanao Agency of the Philippine National Bank to pay the bearer on demand, with «PHILIPPINE NATIONAL BANK» set in large bold type and «Emergency Circulating Note» beneath it. The lower portion carries the series date, serial number, and three signature lines attributed to the Provincial Treasurer as Chairman, the Acting Provincial Fiscal as Member, and the Provincial Auditor as Member, above the legend «Issued by Lanao Currency Committee».
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Rückseitenbeschreibung Plain letterpress reverse printed in black, enclosed within a simple decorative border composed of repeated leaf and dash ornamental units running along all four sides. The centre carries the denomination «ONE PESO» in large bold type, followed by «Philippine National Bank Emergency Circulating Note» and «Series of 1942», with «ONE PESO» repeated below in the same bold lettering.
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Anmerkungen

The Philippine National Bank's wartime emergency branches are among the more obscure chapters in Philippine monetary history. When Japanese forces invaded in late 1941 and early 1942, the Commonwealth government authorized provincial and regional agencies to issue their own emergency currency to keep local economies functioning as the central banking network collapsed. Lanao, a predominantly Maranao Muslim province in Mindanao, was among the agencies that acted on this authority.

S377 is a guerrilla-period issue, produced under severe material and logistical constraints. Survival rates for Lanao Agency notes are low — the province saw prolonged and difficult fighting throughout the occupation.

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