Catalog
50 Centavos
| Issuer | Iloilo Currency Committee / Philippine National Bank |
|---|---|
| Year | 1944 |
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| Value | Log in to see details |
| Currency | Peso (1941-1945) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 50 CENTAVOS THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND FIFTY CENTAVOS IN LAWFUL CURRENCY OF THE PHILIPPINES ILOILO CURRENCY COMMITTEE SERIES OF 1944 |
| Reverse description | Log in to see details |
| Reverse lettering | PHILIPPINE NATIONAL BANK ILOILO CITY PHILIPPINES 50 MAY 1 1944 BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES EMERGENCY CIRCULATING NOTE OF 1944 CENTAVOS |
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| Comments |
The Iloilo Currency Committee notes of 1944 were emergency issues produced during the Japanese occupation, authorized locally to address the near-total collapse of usable currency in the Visayas. The Philippine National Bank's nominal co-sponsorship lent these notes a veneer of institutional legitimacy, but real backing was essentially nonexistent — the committee was working with whatever paper and printing resources survived the occupation.
Locally printed emergency fractional notes from this period are among the more fragile survivors of wartime Philippine numismatics. Paper quality was inconsistent, and many did not last long in circulation.