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50 Centavos

Issuer Iloilo Currency Committee
Year 1943
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Value 50 Centavos (0.50)
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Obverse description The face is printed in black letterpress with a decorative floral and vine border framing the entire note, with the word CENTAVOS running vertically along both left and right margins and the numeral 50 in the lower corners. The central text panel carries the promise-to-pay legend in italic script, with FIFTY CENTAVOS set in larger type flanked by ornamental pointing hands; a red provincial seal is overprinted at centre. Three manuscript signatures appear along the lower edge, attributed to the Auditor, Acting Manager of the Philippine National Bank Iloilo branch, and the Provincial Fiscal, with a red serial number printed vertically on the left.
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Reverse lettering PHILIPPINE NATIONAL BANK FIFTY CENTAVOS EMERGENCY CIRCULATING NOTE OF 1943 ISSUED BY THE ILOILO CURRENCY COMMITTEE UNDER THE AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES ILOILO CITY PHILIPPINES FEBRUARY 22, 1943 50 CENTAVOS
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Comments

The Iloilo Currency Committee was one of several provincial emergency currency boards established in the Philippine islands after the Japanese invasion cut off Manila-based supply lines and stranded communities without functional means of exchange. These guerrilla-affiliated issues circulated in Iloilo province on Panay under constant threat of Japanese suppression — possession of such notes was treated by occupation authorities as evidence of resistance activity.

Printed locally under improvised conditions, the paper and ink quality varied considerably across the series, and P#S326 notes are known to show uneven impression from worn type.

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