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20 Pesos
| Issuer | Philippine National Bank, Iloilo Branch |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | 20 Pesos |
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| Composition | Log in to see details |
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| Obverse description | Green and brown emergency circulating note with a portrait vignette at left, enclosed within ornate guilloche borders along all four edges. The upper field carries the issuing authority inscription and series date flanking the central text block bearing the promise to pay in lawful currency of the Philippines. Three signature lines at the base identify the members of the Iloilo Currency Committee — Provincial Auditor, Acting Manager P.N.B. Iloilo, and Provincial Fiscal — with a red oval date stamp at lower right. |
|---|---|
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| 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 Philippine National Bank's wartime emergency issues are among the most locally produced banknotes in the region's history. When Japanese forces advanced in late 1941 and early 1942, several provincial PNB branches printed their own emergency currency rather than leave populations without circulating money. The Iloilo Branch on Panay island was one of a handful authorized to do so, producing notes under conditions that were far from those of a formal printing establishment.
Pick 318 is a branch issue, not a Manila headquarters note — a distinction that matters for attribution and scarcity. Iloilo fell to Japanese forces in April 1942, after which these notes were quickly superseded by Japanese Military Pesos.