10 Centavos

The Iloilo Currency Committee was one of several provincial emergency bodies that issued guerrilla or civilian currency in the Philippines following the Japanese invasion in late 1941. These notes were produced outside any central banking authority, improvised from whatever printing resources were locally available — which accounts for the crude typography and irregular paper stock commonly seen across the S300 series.

Iloilo City fell to Japanese forces in April 1942. Notes issued in the weeks before and just after the invasion occupy an uncertain space: technically authorized by a committee that was about to cease functioning, circulated under occupation conditions, and later rendered worthless by Japanese military currency mandates.

The S302 specifically is among the more frequently encountered Iloilo emergency pieces, suggesting a reasonably large print run relative to some companion denominations.