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5 Pesos
| Issuer | Philippine National Bank / Iloilo Currency Committee |
|---|---|
| Year | 1942-1943 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1942 ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND FIVE PESOS IN LAWFUL CURRENCY OF THE PHILIPPINES ILOILO CURRENCY COMMITTEE |
| Reverse description | The back is printed in red on plain paper with an overall floral guilloche underprint pattern filling the entire field, and large bold 'V' numerals at each corner. The central panel carries the denomination 'FIVE PESOS' in large bold lettering, with the year '1942' below and the legend 'EMERGENCY CIRCULATING NOTE' beneath. The issuing authority and location appear in smaller text across the upper centre. |
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| Comments |
The Iloilo Currency Committee was one of several regional emergency bodies that sprang up across the Philippine islands in the weeks following the Japanese invasion of December 1941. With normal banking suspended and the Philippine National Bank unable to function under occupation conditions, local authorities improvised — printing scrip on whatever paper stock was available, using printing equipment not designed for currency production.
Iloilo City on Panay island fell to Japanese forces in April 1942. Notes issued before that date carry a different political weight than those circulated clandestinely afterward under the guerrilla administration, and the overlap in dating makes attribution genuinely difficult. Paper quality and ink consistency vary considerably across the series.