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| 正面描述 | Brown-toned emergency note with a decorative guilloche border framing the central text area. A small portrait vignette of President Manuel Quezon appears at the left, below which the name 'QUEZON' is inscribed within a ruled panel. The face carries the printed denominator in large bold lettering 'TEN PESOS', with the issuing authority text reading 'ILOILO CURRENCY COMMITTEE' across the lower portion, accompanied by three manuscript signatures representing the Provincial Auditor, Acting Manager P.N.B. Iloilo (Chairman), and Provincial Fiscal. |
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| 正面铭文 | PHILIPPINE NATIONAL BANK Emergency Circulating Note of 1942 Issued by Authority of the President of the Philippines THE Philippine National Bank WILL PAY THE BEARER ON DEMAND TEN PESOS In Lawful Currency of the Philippines ILOILO CURRENCY COMMITTEE Series of 1942 Prov. Auditor Member Actg. Mgr. P.N.B. Iloilo Chairman Prov. Fiscal Member QUEZON |
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The Philippine National Bank's Iloilo branch issued its own emergency currency in early 1942 as Japanese forces advanced and the regular supply of notes from Manila was cut off. These branch-specific emergency issues were produced under wartime desperation rather than any formal monetary planning — the Iloilo series being among the most locally improvised of the provincial PNB emissions.
Printed locally with whatever materials were at hand, the notes saw active circulation before the Japanese occupation of the Visayas rendered them effectively worthless. Surviving examples frequently show the wear and damage consistent with brief but intense use under crisis conditions.