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| 正面描述 | Red-orange emergency circulating note with a central vignette of General Douglas MacArthur at left, identified by name below. The central text panel bears the promise to pay legend and denomination in words, flanked by serial numbers 280840 at upper left and right. Three manuscript signatures appear along the lower margin, attributed respectively to the Provincial Auditor (Member), Acting Manager P.N.B. Iloilo (Chairman), and Provincial Fiscal (Member) of the Iloilo Currency Committee. A circular date stamp reading 'Iloilo City, Dec. 30, 1942' is impressed at right. |
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| 背面铭文 | PHILIPPINE NATIONAL BANK Iloilo City, Philippines December 30, 1942 5 Emergency Circulating Note of 1942 FIVE PESOS |
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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.