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2 Pesos
| Issuer | Philippine National Bank, Iloilo Currency Committee |
|---|---|
| Year | 1943 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1941-1945) |
| Composition | Log in to see details |
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| Obverse description | Central vignette of an eagle set within a large letter V, framed by guilloche underprint with the denomination numeral "2" repeated at each corner in red. The seal of the Iloilo Currency Committee appears at the lower right, accompanied by three manuscript signatures of committee members below the central text block. Ornate geometric border runs the full perimeter of the note. |
|---|---|
| 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 TWO PESOS IN LAWFUL CURRENCY OF THE PHILIPPINES ILOILO CURRENCY COMMITTEE |
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| Comments |
The Iloilo Currency Committee was one of several provincial emergency bodies that began issuing their own guerrilla currency after the Japanese occupation severed normal banking. These notes were produced locally under wartime conditions — not by a commercial security printer — which accounts for the considerable variation in paper stock and print quality seen across the series. The Philippine National Bank name was retained as a legitimizing device, but effective authority rested with the regional committee.
Counterfeiting by Japanese-backed forces was a known problem with Philippine guerrilla issues, and Iloilo notes were not exempt.