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1 Peso
| Issuer | Iloilo Currency Committee |
|---|---|
| Year | 1944 |
| Type | Local banknote |
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| Obverse description | Printed in black on white paper, the obverse carries the heading 'THE Philippine National Bank' in a serif typeface, with the promise text 'WILL PAY THE BEARER ON DEMAND ONE PESO In Lawful Currency of the Philippines' arranged in horizontal lines across the centre. A red oval seal is applied at centre, and the serial number appears in red on both left and right margins; three manuscript signatures appear at the foot, each annotated with the respective official titles of Acting Provincial Auditor, Acting Manager P.N.B. Iloilo, and Acting Provincial Fiscal. |
|---|---|
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| Reverse lettering | ONE PESO PHILIPPINE NATIONAL BANK ILOILO CITY PHILIPPINES MAY 1 1944 1 BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES EMERGENCY CIRCULATING NOTE OF 1944 PESO |
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| Comments |
The Iloilo Currency Committee was one of several provincial emergency bodies that issued guerrilla currency during the Japanese occupation of the Philippines. These notes circulated in Iloilo province on Panay Island as part of a broader effort to sustain a local economy outside Japanese military scrip — their legitimacy backed by the authority of the Philippine Commonwealth government-in-exile rather than any central bank.
Printed locally under occupation conditions, production quality varied considerably across the series. P#S339 belongs to a class of issues that numismatists frequently encounter with foxing and humidity damage, a direct consequence of wartime tropical storage rather than post-war mishandling.