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2 Pesos
| Issuer | Philippine National Bank, Iloilo Currency Committee |
|---|---|
| Year | 1944 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse is printed in dark green on light paper, with a bold 'TWO PESOS' legend across the top within a decorative border of interlocking scrollwork. The central text block reads 'The Philippine National Bank Will Pay the Bearer on Demand Two Pesos In Lawful Currency of the Philippines,' with 'ILOILO CURRENCY COMMITTEE' inscribed below. Three facsimile signatures appear at the bottom, each accompanied by their respective titles — Actg. Prov. Auditor, Actg. Manager P.N.B. Iloilo, and Actg. Prov. Fiscal — with serial numbers printed in red vertically on both side margins and a red cancel stamp visible at center. |
|---|---|
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| Reverse lettering | TWO PESOS Philippine National Bank Iloilo City Philippines May 1 1944 By Authority of the President of the Philippines Emergency Circulating Note of 1944 PESOS |
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| Comments |
The Iloilo Currency Committee was one of several provincial emergency bodies that issued guerrilla currency during the Japanese occupation of the Philippines. These notes were produced under wartime conditions to keep the local resistance economy functioning after Japanese military scrip was imposed as the official medium of exchange. Acceptance was never guaranteed — some communities trusted them, others did not, and Japanese authorities treated possession as a criminal matter.
The Philippine National Bank's Iloilo branch affiliation gave the issue a veneer of institutional authority, but the practical backing was thin. Survival rates vary considerably across the guerrilla series, and S340 is not among the rarer Iloilo pieces.