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| 正面描述 | Black letterpress text on white paper with decorative border elements at left and right margins incorporating the numeral 50. The central text panel carries the Philippine National Bank obligation clause in bold typeface, with the denomination FIFTY CENTAVOS set in large display letters; a red oval seal is applied at centre. Three manuscript signatures appear along the lower portion above the printed titles of Acting Provincial Auditor, Acting Manager P.N.B. Iloilo, and Acting Provincial Fiscal, with red serial numbers printed vertically at both side margins. |
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| 背面描述 | Plain white paper with a black letterpress border incorporating CENTAVOS lettering along all four margins and corner numerals 50. The central field carries the issuing bank name in bold type above the large numeral 50 underprint, flanked by place and date details reading Iloilo City, Philippines and May 1, 1944. The lower inscription cites presidential authority for the emergency issue. |
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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.