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5 Pesos
| Issuer | Philippine National Bank / Iloilo Currency Committee |
|---|---|
| Year | 1942-1943 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | P#S325 |
| Obverse description | The face is printed in red on plain paper with a decorative guilloche border and repeated numeral '5' vignettes at each corner. The centre carries the bold text 'FIVE PESOS / In Lawful Currency Of The Philippines / ILOILO CURRENCY COMMITTEE', above which a diagonal triangular underprint stamp of the Philippine National Bank is overlaid. Three manuscript signatures of committee members appear along the lower portion, with serial number and series date at left. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | PHILIPPINE NATIONAL BANK ILOILO CITY PHILIPPINES DEC 30, 1942 FIVE PESOS EMERGENCY CIRCULATING NOTE |
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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.