Catalog
5 Centavos
| Issuer | Iloilo Currency Committee |
|---|---|
| Year | 1941 |
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| Reference(s) | P#S301 |
| Obverse description | Green on light ground, with guilloche-patterned side panels bearing large numeral '5' and the word CENTAVOS in vertical orientation at both left and right margins. At centre, the circular seal of the Philippine National Bank is flanked by the promise-to-pay text; the denomination FIVE CENTAVOS appears in bold letterpress below. Three facsimile signatures of the Provincial Auditor, Manager of PNB Iloilo, and Provincial Fiscal are printed along the lower edge, with two vertical serial numbers in the left and right fields. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Green on light ground, uniform in style with the obverse, with matching guilloche side panels carrying the numeral '5' and CENTAVOS in vertical lettering. At centre, a circular authorization vignette inscribed 'ISSUED BY THE ILOILO CURRENCY COMMITTEE UNDER THE AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES' is surrounded by the arc legend EMERGENCY CIRCULATING NOTE OF 1941. The issuing authority and date are printed below the vignette. |
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| Comments |
The Iloilo Currency Committee was one of several provincial emergency currency bodies that scrambled into existence after Japanese forces cut off the Philippine Commonwealth government's ability to supply regular notes to the Visayas. This 5 Centavos piece belongs to the first wave of that effort, authorized and printed locally in late 1941 before the occupation of Iloilo City in April 1942.
Local printing under wartime pressure meant inconsistent registration and variable ink density across the series — not errors, simply the reality of improvised production. The Committee's issues were officially demonetized after liberation, leaving survivors largely as collector material rather than redeemed currency.