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10 Pesos
| Issuer | Philippine National Bank, Bacolod Branch (Negros Occidental) |
|---|---|
| Year | 1941 |
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| Currency | Peso (1903-1949) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1941 THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND TEN PESOS LAWFUL CURRENCY OF THE PHILIPPINES ISSUED BY AUTHORITY OF THE PRESIDENT OF THE COMMONWEALTH OF THE PHILIPPINES NEGROS OCCIDENTAL CURRENCY COMMITTEE SERIES OF 1941 City of Bacolod Prov. Fiscal Member Adg. Mgr. PNB Bacolod Branch Chairman Actg. Prov. Auditor Member |
| Reverse description | Plain unadorned reverse with a simple guilloche border running along all four edges. The denomination TEN PESOS is printed in bold display lettering at upper center, below which PHILIPPINE NATIONAL BANK appears in a smaller but prominent typeface, followed by EMERGENCY CIRCULATING NOTE and the legend Issued by authority of the President of the Commonwealth of the Philippines in italic script; the Roman numeral X appears in the upper corners and the arabic numeral 10 in the lower corners. |
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| Comments |
Philippine National Bank's Bacolod branch issued this note under emergency wartime authority in late 1941, as Japanese forces advanced and the established banking system collapsed. Several provincial branches — Cebu, Iloilo, Negros Occidental among them — produced their own emergency currency when regular supply lines from Manila were cut. These provincial PNB issues were authorized locally rather than through the central office, printed on whatever materials were available, and circulated alongside guerrilla currency and Japanese military pesos in a badly fractured monetary environment.
Negros Occidental's sugar economy made Bacolod a significant regional hub, which likely drove demand for a functioning medium of exchange well beyond what barter could sustain.