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1 Peso
| Issuer | Leyte Emergency Currency Board, Tacloban |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Paper |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ONE PESO LEYTE EMERGENCY CURRENCY BOARD TACLOBAN PHILIPPINES ONE PESO PAYABLE TO THE BEARER ON DEMAND IN LAWFUL CURRENCY OF THE PHILIPPINES ISSUED APRIL 1942 PROV. TREASURER MEMBER PROV. AUDITOR CHAIRMAN PROV. FISCAL MEMBER |
| Reverse description | Plain green letterpress reverse with a repeated 'ONE PESO' inscription along the top and bottom borders within a simple ornamental frame. The central field carries a ghost impression of the issuer text 'LEYTE EMERGENCY CURRENCY BOARD / TACLOBAN PHILIPPINES' in light guilloche underprint, with a serial number printed in orange at upper right and a series designation at upper left. |
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| Comments |
The Leyte Emergency Currency Board was one of several provincial bodies authorized by the Philippine Commonwealth government-in-exile to produce guerrilla currency after the Japanese occupation severed normal banking operations. These notes circulated in the Visayas alongside Japanese Military Pesos, which the occupation authorities declared legal tender — holding or using guerrilla currency was a punishable offense under Japanese military law.
Production was strictly local, with whatever paper and ink could be sourced. The crude printing quality that characterizes S394 is a direct consequence of wartime improvisation, not a design choice. Tacloban would later become the landing site of MacArthur's October 1944 return, after which guerrilla scrip lost its practical necessity almost overnight.