Catalog
5 Pesos
| Issuer | Philippine National Bank, Bacolod Branch (Negros Occidental) |
|---|---|
| Year | 1941 |
| Type | Standard circulation banknote |
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| Obverse description | Pink-toned emergency circulating note with a fine guilloche underprint. The upper portion carries the heading PHILIPPINE NATIONAL BANK / EMERGENCY CIRCULATING NOTE OF 1941, with the issuing legend THE PHILIPPINE NATIONAL BANK / WILL PAY THE BEARER ON DEMAND centered below. The denomination FIVE PESOS is printed in bold letterpress at center, accompanied by the Roman numeral V at left and Arabic numeral corner denominators, with the serial number in red, a circular Philippine National Bank seal at right, and three manuscript signatures of the Prov. Fiscal Member, Acting Manager PNB Bacolod Branch Chairman, and Acting Prov. Auditor Member at bottom. |
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| Obverse lettering | PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1941 SERIES OF 1941 THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND FIVE PESOS IN LAWFUL CURRENCY OF THE PHILIPPINES ISSUED BY AUTHORITY OF THE PRESIDENT OF THE COMMONWEALTH OF THE PHILIPPINES NEGROS OCCIDENTAL CURRENCY COMMITTEE Prov. Fiscal Member Actg. Mgr. PNB, Bacolod Branch, Chairman Actg. Prov. Auditor Member |
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| Comments |
The Philippine National Bank's Bacolod branch issued this note under emergency authority in late 1941 as Japanese forces advanced through the archipelago. Provincial branches throughout the Philippines were authorized to produce their own emergency currency when the central supply chain from Manila collapsed — Negros Occidental's notes are among the better-documented of these regional issues, partly because the sugar-producing province had real economic activity to sustain and a functioning branch infrastructure to back it.
The S-prefix in the Pick reference denotes the wartime emergency series. Many provincial PNB issues from this period were hastily overprinted or hand-signed by local branch managers whose authority to issue had never been tested before December 1941.