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5 Pesos
| Issuer | Philippine National Bank, Iloilo City |
|---|---|
| Year | 1942 |
| Type | Standard circulation banknote |
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| Obverse description | Red on light paper emergency circulating note with a decorative border of fine guilloche patterns. The central text reads 'FIVE PESOS / In Lawful Currency Of The Philippines / ILOILO CURRENCY COMMITTEE', below the issuer legend 'PHILIPPINE NATIONAL BANK / EMERGENCY CIRCULATING NOTE OF 1942 / ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES'. Numeral '5' vignettes appear at each corner, with serial number and series designation at left, and three manuscript signatures of committee members at the bottom margin. |
|---|---|
| Obverse lettering | PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1942 ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES WILL PAY THE BEARER ON DEMAND FIVE PESOS In Lawful Currency Of The Philippines ILOILO CURRENCY COMMITTEE SERIES OF 1942 |
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| Comments |
The Philippine National Bank branches at Iloilo and several other regional centers issued emergency guerrilla currency after the Japanese occupation severed normal banking operations in 1942. These provincial notes were produced locally under improvised conditions — paper stock, printing quality, and security features varied considerably depending on what materials were actually available at the time of printing.
Iloilo branch issues are among the more documented of the Philippine wartime emergency series, but genuine examples still show wide variation in ink consistency and impression depth. Forgeries, both wartime Japanese counterfeits and later fabrications, are a known problem across the P#S300-range issues.