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10 Pesos
| Issuer | Philippine National Bank - Iloilo Currency Committee |
|---|---|
| Year | 1943 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1943 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 |
| Reverse description | The reverse is covered overall with a fine floral guilloche underprint pattern forming the background. The denomination TEN PESOS is printed in large bold letters at centre, with the numeral 10 at lower left and right, and the letter X rendered in each upper corner. The issuance text and date are printed across the upper portion, with EMERGENCY CIRCULATING NOTE in a diagonal band across the lower centre. |
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| Comments |
The Iloilo Currency Committee notes of 1943 were emergency issues produced under Japanese occupation, authorized by local Filipino officials attempting to maintain some functional currency supply as Japanese Military Administration pesos flooded — and rapidly destabilized — the local economy. The Philippine National Bank's Iloilo branch served as the nominal issuing authority, though by this point the bank's normal operations had been severely disrupted.
These provincial guerrilla-adjacent emergency issues were printed locally with whatever materials were available, which accounts for the considerable variation in paper quality and impression sharpness seen across surviving examples. Japanese authorities considered such notes illegal tender.