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20 Pesos
| Issuer | Philippine National Bank / Iloilo Currency Committee |
|---|---|
| Year | 1942 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | TWENTY PESOS PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1942 ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND TWENTY PESOS IN LAWFUL CURRENCY OF THE PHILIPPINES ILOILO CURRENCY COMMITTEE SERIES OF 1942 PROV. AUDITOR MEMBER ACTG. MGR. P.N.B. ILOILO CHAIRMAN PROV. FISCAL MEMBER |
| Reverse description | Log in to see details |
| Reverse lettering | PHILIPPINE NATIONAL BANK TWENTY PESOS ILOILO CITY PHILIPPINES DECEMBER 30 1942 EMERGENCY CIRCULATING NOTE OF 1942 20 PESOS |
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| Comments |
The Iloilo Currency Committee was one of several provincial emergency currency authorities that scrambled to issue notes in the weeks following the Japanese invasion, before Manila fell in January 1942. Philippine National Bank branches supplied the institutional framework — and in some cases the pre-printed stock — but the actual authorization and overprinting was handled locally, giving this series a distinctly ad hoc character that shows in the inconsistencies between surviving specimens.
Iloilo City itself fell to Japanese forces in April 1942, which imposed a hard ceiling on how long these notes could have circulated under their intended authority. Most emergency Visayan issues were demonetized or simply abandoned in place.