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| 正面描述 | Pink emergency circulating note with a decorative border of repeated floral and geometric guilloche elements. The centre carries the printed text 'PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND' above the large denomination inscription 'FIVE PESOS', with the issuing authority 'ILOILO CURRENCY COMMITTEE' below. Serial numbers appear at left and right in red, with 'SERIES OF 1943' noted at upper corners, and three signature lines at the bottom for the Provincial Auditor, Acting Manager, and Provincial Fiscal. |
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| 正面铭文 | 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 |
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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.