Catalog
10 Pesos
| Issuer | Philippine National Bank, Bacolod Branch (Negros Occidental) |
|---|---|
| Year | 1941 |
| Type | Standard circulation banknote |
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| Obverse description | Plain printed emergency circulating note with a simple border of repeating ornamental devices. The central text reads 'THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND TEN PESOS IN LAWFUL CURRENCY OF THE PHILIPPINES', with 'Series of 1941' and serial number in red at upper right. The note is countersigned by three officials of the Negros Occidental Currency Committee and bears a circular Philippine National Bank branch stamp at right. |
|---|---|
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| Reverse description | Plain reverse with a simple repeating ornamental border. The central area carries the text 'TEN PESOS / SECOND ISSUE / PHILIPPINE NATIONAL BANK / EMERGENCY CIRCULATING NOTE' and 'Issued by authority of the President of the Commonwealth of the Philippines', all typeset in plain letterpress. Numeral '10' appears in each lower corner, with 'X' in the upper corners, and a faint circular branch stamp is visible at left. |
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| Comments |
The Philippine National Bank's Negros Occidental emergency issues of 1941 were authorized following the Japanese invasion, when regional branches were cut off from Manila and empowered to issue their own emergency currency to keep local commerce functioning. Bacolod, as the provincial capital and center of the sugar industry, was the logical hub for Negros Occidental's wartime monetary operations.
The Negros Occidental series is among the better-documented of the Philippine provincial emergency issues, partly because the sugar plantation economy generated enough commercial activity to leave paper trails. Genuine circulated examples often show the handling stress you'd expect from notes pressed into daily use during an occupation.