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2 Pesos
| Issuer | Philippine National Bank, Iloilo City |
|---|---|
| Year | 1943 |
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| Value | Log in to see details |
| Currency | Peso (1903-1949) |
| Composition | Log in to see details |
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| Obverse description | The obverse is dominated by a central vignette of a large eagle with outstretched wings above the text 'THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND', set within a heavily ornamented border of repeated 'PESOS' and numeral '2' corner devices in red. The denomination 'TWO PESOS' is printed in bold letterpress at centre, below which appear the inscriptions 'In Lawful Currency of The Philippines' and 'ILOILO CURRENCY COMMITTEE', with three manuscript signatures of committee members at the foot. Serial number and series date appear in red at left, with an embossed official seal at lower right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | PHILIPPINE NATIONAL BANK Iloilo City, Philippines, Feb. 22, 1943 TWO PESOS Two Pesos Two Pesos 1943 EMERGENCY CIRCULATING NOTE |
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| Comments |
The Philippine National Bank emergency notes issued from Iloilo City in 1943 were produced under Japanese occupation, when the Philippine National Bank itself had been taken over and reorganized by the occupying administration. Regional branches operating in Visayas sometimes continued issuing notes under the PNB name, drawing on pre-occupation stocks of blank paper and locally available printing equipment — which is why production quality across the Iloilo series varies considerably.
Genuine examples show wear consistent with intense local circulation; the paper supply was irregular and the notes saw hard use before Japanese military pesos displaced them.