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5 Pesos
| Issuer | Philippine National Bank, Iloilo City |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Philippine Peso (1903-date) |
| Composition | Log in to see details |
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|---|---|
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| Reverse description | Printed in red-orange on plain paper, the reverse carries a large guilloche-bordered numeral '5' at centre within an ornate cartouche. Decorative corner pieces with floral and geometric motifs frame the note, with 'FIVE PESOS' inscribed in bannerettes at the top and bottom borders. The issuing authority and place of issue appear in manuscript-style print at upper left, with the date 'December 30, 1942' at upper right. |
| Reverse lettering | PHILIPPINE NATIONAL BANK Iloilo City, Philippines December 30, 1942 5 Emergency Circulating Note of 1942 FIVE PESOS |
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| Comments |
The Philippine National Bank's wartime emergency notes issued from provincial branches are among the more historically specific pieces of Philippine paper money. The Iloilo City branch issued its own series in 1942 as the Japanese invasion disrupted normal banking operations — these emergency circulating notes were authorized to keep commerce functioning in areas still under, or only recently fallen from, American-Filipino control. Iloilo fell to Japanese forces in April 1942, which puts the window for legitimate issuance of this note extremely tight.
Many of these provincial PNB emergency notes were subsequently declared void by the Japanese occupation authorities, and surviving examples often show heavy circulation from that brief but chaotic period.