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5 Pesos
| Issuer | Misamis Occidental Currency Committee / Philippine National Bank |
|---|---|
| Year | 1942 |
| Type | Local banknote |
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|---|---|
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| Reverse description | The central vignette presents a large bold Roman numeral V overlaid on the Philippine national arms — an eagle with spread wings above a heraldic shield — framed by radiating feather-like ornamental sprays. The inscription PHILIPPINE NATIONAL BANK arches across the upper centre, with FIVE PESOS flanking the V below; the series date 1942 appears at the top centre. Denominational numeral 5 is repeated in shield-shaped cartouches at each corner, with scrolled ribbon banderoles reading FIVE PESOS on the left and right margins, all within a symmetrical foliate border. |
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| Signature(s) | F. D. Pacana and Ramon O. Nolasco and I. Barbasa |
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| Comments |
The Misamis Occidental Currency Committee was one of several emergency note-issuing bodies established across Philippine provinces after Japanese forces disrupted the existing financial infrastructure in late 1941 and early 1942. These provincial guerrilla currencies were sanctioned under broad wartime authority and backed — nominally — by the Philippine National Bank, though the PNB's own operations were severely compromised during the occupation. The three-signature format here reflects the committee's administrative structure: local civilian and banking officials co-signing to lend whatever institutional credibility the circumstances allowed.
Survival rates for Misamis Occidental issues vary considerably by denomination. The Japanese military administration actively suppressed guerrilla currencies, and holders faced real risk in keeping them.