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| 正面描述 | The obverse is printed in dark green on white paper with a simple ornamental border. The central text panel bears the issuing authority legend and the denomination in bold letterpress, with serial numbers in red printed vertically on both left and right margins. Three manuscript signatures appear at the bottom, identifying the Acting Provincial Auditor, the Acting Manager of the P.N.B. Iloilo branch, and the Acting Provincial Fiscal, above a red control stamp impression at centre. |
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| 背面铭文 | ONE PESO PHILIPPINE NATIONAL BANK Iloilo City Philippines May 1 1944 By Authority of the President of the Philippines Emergency Circulating Note of 1944 PESO |
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The Iloilo Currency Committee was one of several provincial emergency currency authorities that operated in the Visayas under Japanese occupation, issuing notes to address the near-total collapse of ordinary monetary supply. This particular 1 Peso note (P#S339) belongs to a guerrilla or semi-official series rather than a Japanese military administration issue — the Philippine National Bank name was retained as a legitimizing device by local committees trying to maintain some economic order behind enemy lines.
Printing was improvised. Paper quality, ink consistency, and serial numbering on these Iloilo issues vary considerably within the same series, a direct result of wartime production constraints.