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5 Pesos
| Issuer | Philippine National Bank, Iloilo Currency Committee |
|---|---|
| Year | 1943 |
| Type | Log in to see details |
| Value | 5 Pesos |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Engraver(s) | 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 1943 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 SERIES OF 1943 Prov. Auditor Member Actg. Manager, Phil. Nat. Bank, Iloilo. Chairman Prov. Fiscal Member |
| Reverse description | Pink note with an all-over underprint of repeated 'PESOS' text and ornate guilloche patterns forming the background, framed by a decorative border matching the obverse. Large Roman numeral 'V' vignettes appear in each corner, with 'PHILIPPINE NATIONAL BANK' and the location 'Iloilo City, Philippines, Feb. 22, 1943' printed across the upper centre. The denomination 'FIVE PESOS' is printed in large bold letters across the middle, with 'Five Pesos' repeated at left and right, and 'EMERGENCY CIRCULATING NOTE' along the lower margin. |
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| Comments |
The Iloilo Currency Committee was one of several regional emergency bodies that issued guerrilla currency in the Philippines during Japanese occupation, operating largely outside formal military command structures. These notes were produced locally under difficult wartime conditions — paper stocks were inconsistent, and printing equipment was whatever could be commandeered or hidden from Japanese authorities.
The Philippine National Bank's name on guerrilla issues is partly administrative fiction: the bank itself was under Japanese control in Manila by this point, and regional committees invoked it as a legitimizing authority rather than as an operational one. Survival rates for Iloilo issues are uneven; notes that circulated in liberated zones often show heavy use, while others were hoarded or buried and surfaced decades later in fragile condition.