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50 Pesos
| Issuer | Philippine National Bank (Iloilo Currency Committee) |
|---|---|
| Year | 1943 |
| Type | Local banknote |
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| Obverse description | The obverse is printed in pink on white paper and carries a central vignette of an eagle set within a large letter V, symbolizing victory, with the Philippine National Bank circular seal at lower right serving as a countersignature stamp. The denomination numeral '50' appears in each corner, with 'SERIES OF 1943' at upper left and upper right. Three manuscript signatures of Iloilo Currency Committee officials appear along the lower margin, accompanied by their printed titles. |
|---|---|
| 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 FIFTY PESOS IN LAWFUL CURRENCY OF THE PHILIPPINES ILOILO CURRENCY COMMITTEE |
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| Comments |
The Iloilo Currency Committee was one of several regional emergency bodies that issued notes during the Japanese occupation, operating under the umbrella of the Philippine National Bank but functionally independent in practice. These provincial wartime issues were produced locally with whatever printing resources remained available — which is exactly why the typography and paper quality vary so noticeably across the series.
Most were demonetized, confiscated, or simply destroyed as the occupation tightened its grip on the Visayas. Survivors are almost always heavily circulated; the Iloilo issues saw real use before they disappeared.