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50 Pesos
| Issuer | Philippine National Bank, Iloilo City |
|---|---|
| Year | 1943 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1943 ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES WILL PAY THE BEARER ON DEMAND FIFTY PESOS IS LEGAL CURRENCY OF THE PHILIPPINES ILOILO CURRENCY COMMITTEE SERIES OF 1943 50 |
| Reverse description | The reverse is printed in rose-pink and displays an all-over repetitive guilloche underprint pattern of stylized foliate scrollwork filling the entire field. The central horizontal band carries the bold letterpress inscription FIFTY PESOS, flanked by the numeral 50 in each corner. Additional text lines referencing the Philippine National Bank and Iloilo are rendered in lighter print within the guilloche background, and a fine decorative border frames the entire note. |
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| Comments |
The Philippine National Bank operated branch emergency issues during the Japanese occupation, and this Iloilo note is one of the more localized examples of that wartime scramble to maintain a functioning currency in the Visayas. The PNB's Iloilo branch had been issuing provincial notes well before the war, but the 1943 series emerged specifically because the Japanese-sponsored fiat currency — the "Mickey Mouse" peso — was already losing credibility in the provinces faster than in Manila.
Guerrilla and civilian distrust of occupation scrip drove demand for any locally backed alternative. Survival rate for Iloilo branch notes is low; most were deliberately destroyed by retreating or hiding Filipino officials to prevent Japanese seizure.