Catalog
20 Pesos
| Issuer | Philippine National Bank (Cebu Currency Committee) |
|---|---|
| Year | 1941 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | TWENTY PESOS PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1941 THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND TWENTY PESOS IN LAWFUL PHILIPPINE CURRENCY ISSUED BY THE CEBU CURRENCY COMMITTEE BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES OF DECEMBER 29 1941 FISCAL, PROVINCE OF CEBU. MEMBER ACTG. MANAGER, P.N.B. CEBU. CHAIRMAN AUDITOR, PROVINCE OF CEBU. MEMBER TWENTY PESOS |
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| Reverse lettering | TWENTY PESOS PHILIPPINE NATIONAL BANK CEBU CITY, PHILIPPINES, DECEMBER 29, 1941 EMERGENCY CIRCULATING NOTE OF 1941 TWENTY PESOS |
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| Comments |
The Cebu Currency Committee was formed in late 1941 as Japanese forces advanced through the Philippine archipelago, severing normal banking and supply lines. With no access to Manila — and certainly none to established security printers abroad — the Philippine National Bank's Cebu branch improvised emergency currency on whatever stock was available locally. The result was a series of notes printed under genuinely austere wartime conditions, with production quality varying considerably across the run.
P#S218 is a guerrilla-adjacent emergency issue in the strictest sense: authorized by a committee rather than a functioning central authority, and produced without the security features that characterized prewar PNB notes. Inks, paper quality, and impression consistency all fluctuate between surviving examples.