Catalog
10 Centavos
| Issuer | Philippine National Bank, Iloilo City |
|---|---|
| Year | 1941 |
| Type | Standard circulation banknote |
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| Obverse description | Emergency circulating note of 1941 issued by the Philippine National Bank, with the central text reading 'THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND' surrounding a circular vignette of the bank seal. The denomination '10' appears in each corner within ornamental frames, with 'CENTAVOS' running vertically along both side borders. Below centre, the note bears the legend 'TEN CENTAVOS IN LAWFUL CURRENCY OF THE PHILIPPINES' along with the Iloilo Currency Committee attribution and two signature lines for Provincial Auditor, President/Chairman, and Provincial Fiscal. |
|---|---|
| Obverse lettering | EMERGENCY CIRCULATING NOTE OF 1941 THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND TEN CENTAVOS IN LAWFUL CURRENCY OF THE PHILIPPINES ILOILO CURRENCY COMMITTEE CENTAVOS 10 |
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| Comments |
The Philippine National Bank's Iloilo branch began issuing its own emergency currency in late 1941 as Japanese forces advanced through the archipelago and the supply of centrally issued notes became unreliable. These branch-specific emergency notes were printed locally under improvised conditions — Iloilo City had no established security printing facility, which shows in the production quality of surviving examples.
The Iloilo series is among the more localized of the PNB emergency issues, reflecting how fractured the Philippine monetary system became during those final weeks before the Japanese occupation of the Visayas in early 1942.