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100 Pesos
| Issuer | Philippine National Bank, Iloilo Currency Committee |
|---|---|
| Year | 1942 |
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| Currency | Philippine Peso (1903-date) |
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| Obverse description | The obverse is printed in orange-brown on plain paper, centered on a vignette of a volcano with stylized smoke rising above a landscape, flanked by ornamental borders. The upper portion carries the inscription 'PHILIPPINE NATIONAL BANK' in an arc, with 'Emergency Circulating Note of 1942 / Issued by Authority of the President of the Philippines' above the central text block reading 'THE Philippine National Bank WILL PAY THE BEARER ON DEMAND ONE HUNDRED PESOS In Lawful Currency of the Philippines / ILOILO CURRENCY COMMITTEE.' Serial numbers appear in red at upper left and right, with 'Series of 1942' noted on both sides. Three manuscript signatures appear at the bottom, attributed respectively to the Provincial Auditor–Member, the Acting Manager P.N.B. Iloilo–Chairman, and the Provincial Fiscal–Member, with a handwritten place and date 'Iloilo City, Dec. 30, 1942' in red ink at right. |
|---|---|
| Obverse lettering | 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 ONE HUNDRED 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 ONE HUNDRED PESOS |
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| Comments |
The Iloilo Currency Committee was one of several emergency bodies that sprang up across the Philippines in late 1941 and early 1942 as Japanese forces advanced and the pre-war Commonwealth currency became impossible to replenish. This note was produced locally — in Iloilo City on Panay — using whatever printing resources were at hand, which is why the paper and impression quality vary so dramatically across surviving examples.
Japanese forces occupied Iloilo in April 1942. Notes issued by the committee after that point were rendered worthless almost immediately, and many were destroyed or hidden. The short window of legitimate circulation makes high-denomination survivors like this 100 Peso note genuinely uncommon.