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5 Pesos
| Issuer | Philippine National Bank, Bacolod Branch (Negros Occidental) |
|---|---|
| Year | 1941 |
| Type | Log in to see details |
| Value | 5 Pesos |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| 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 UNDER THE AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES OF DECEMBER 29 AND 30, 1941 NEGROS OCCIDENTAL CURRENCY COMMITTEE Prov. Fiscal Member Actg. Mgr. P.N.B. Bacolod Branch Chairman Actg. Prov. Auditor Member No. |
| Reverse description | The reverse is printed on the same plain salmon-toned paper and enclosed within a simple guilloche border. The denomination FIVE PESOS is set in large bold serif lettering at the top center, flanked by roman numeral Vs in the upper corners and Arabic numeral 5s in the lower corners. Below the main heading, PHILIPPINE NATIONAL BANK / EMERGENCY CIRCULATING NOTE is printed in smaller type, followed by the authority clause reading Issued under the authority of the President of the Philippines of December 29 and 30, 1941. |
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| Comments |
The Philippine National Bank's wartime emergency branch issues are among the most administratively complex of all Pacific theater currency. The Bacolod branch issue was authorized specifically because the fall of Manila in late 1941 severed normal banking supply lines; provincial branches were empowered to issue their own notes backed by local assets rather than central reserves.
Negros Occidental's sugar economy meant the Bacolod branch was not a minor outpost — it held substantial commercial accounts. Japanese forces occupied the island in May 1942, and many of these notes were destroyed, hoarded, or voided during the subsequent Japanese Military Peso rollout.