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| Issuer | Philippine National Bank, Misamis Occidental Agency (Mindanao) |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1903-1967) |
| Composition | Log in to see details |
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| Printer | Log in to see details |
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| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | THE MISAMIS OCCIDENTAL AGENCY OF THE PHILIPPINE NATIONAL BANK WILL PAY TO THE BEARER THE AMOUNT OF THIS PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE Series of 1942 Ten Centavos ISSUED BY MISAMIS OCCIDENTAL CURRENCY COMMITTEE F. D. PACANA - PROVINCIAL TREASURER - CHAIRMAN RAMON O. NOLASCO - PROVINCIAL FISCAL - MEMBER L. BARBASA - PROVINCIAL AUDITOR - MEMBER 10 CENTAVOS |
| Reverse description | Log in to see details |
| Reverse lettering | PNB 10 Centavos Emergency Circulating Note 10 CENTAVOS 10 |
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| Comments |
Philippine National Bank emergency notes issued through provincial and regional agencies in 1942 were a direct response to the Japanese occupation, which disrupted the supply of centrally printed currency almost immediately after the fall of Manila in January of that year. The Misamis Occidental Agency operated on the northern coast of Mindanao, a region that remained under tenuous Filipino and American guerrilla control for longer than many areas of Luzon — which is precisely why a provincial branch could still authorize and circulate its own notes at all.
Three signatories on a low-denomination emergency note is unusual and points to local institutional caution: multiple countersignatures were a hedge against forgery and unauthorized issue in circumstances where no central authority could audit the branch quickly.