PHILIPPINE NATIONAL BANK
EMERGENCY CIRCULATING NOTE OF 1941
THE PHILIPPINE NATIONAL BANK
WILL PAY THE BEARER ON DEMAND
ONE PESO
IN LAWFUL CURRENCY OF THE PHILIPPINES
ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES
ILOILO CURRENCY COMMITTEE
Reverse lettering
ONE PESO
PHILIPPINE NATIONAL BANK
ILOILO CITY PHILIPPINES DEC 30, 1941
ONE PESO
EMERGENCY CIRCULATING NOTE