Catalog
2 Pesos
| Issuer | Philippine National Bank, Bacolod Branch (Negros Occidental) |
|---|---|
| Year | 1941 |
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| Currency | Peso (1903-1949) |
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|---|---|
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| Reverse description | Plain unadorned reverse printed in black on white paper, with the denomination TWO PESOS and the subtitle SECOND ISSUE at the top. The centre carries the text PHILIPPINE NATIONAL BANK / EMERGENCY CIRCULATING NOTE, beneath which appears the authority clause Issued by authority of the President of the Commonwealth of the Philippines. The numeral 2 is repeated in each corner, and a fine guilloche-style border frames the entire note. |
| Reverse lettering | TWO PESOS SECOND ISSUE PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE Issued by authority of the President of the Commonwealth of the Philippines |
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| Comments |
The Philippine National Bank's Bacolod branch issued this note under emergency conditions following the Japanese invasion. When Manila fell and the central government's supply lines collapsed, regional branches and provincial governments across the archipelago began printing their own emergency currency — a decentralized scramble that produced dozens of distinct local issues in 1941 and 1942. The Negros Occidental issues are among the more documented of these, but survival rates remain low given wartime destruction and the humid Philippine climate, which is brutal on paper stock.
P#S625 is catalogued in the emergency series, distinct from the main PNB issues printed before the occupation.