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1 Peso

Issuer Province of Ilocos Norte, Treasury
Year 1942
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Currency Philippine Peso (1898-date)
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Obverse lettering EMERGENCY TREASURY CERTIFICATE
THE COMMONWEALTH OF THE PHILIPPINES
PROVINCE OF ILOCOS NORTE
Ilocos Norte, June 15, 1942
THIS IS TO CERTIFY THAT THE ISSUANCE of this emergency certificate for the amount of ONE PESO has been duly authorized by the President of the Philippines and is redeemable after the war.
FIFTH SERIES
Prov. Treasurer
Prov. Auditor
Governor
ONE PESO
P1.00
Reverse description Plain typeset reverse matching the austere emergency issue style of the obverse. The heading EMERGENCY TREASURY CERTIFICATE and serial number appear at the top, followed by a full legal-tender declaration paragraph invoking the authority of the President of the Commonwealth of the Philippines, asserting the certificate's legal tender status and the Commonwealth's obligation to redeem it, with a warning that refusal to accept is punishable by law. The series designation FIFTH SERIES is centered below the text block, accompanied by a partial official stamp and the handwritten signature of the Governor.
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Comments

Ilocos Norte was one of several Philippine provincial governments that issued emergency guerrilla or civil currency during the Japanese occupation, filling the vacuum left when pre-war Commonwealth notes became hoarded and Japanese Military Administration pesos were distrusted. Provincial treasury issues like this one operated on whatever paper stocks and printing equipment local authorities could secure — quality and consistency varied dramatically between batches.

S296 is among the less-documented issues in the Philippine wartime emergency currency series. Survival rates for these provincial notes are uneven; many were redeemed and destroyed after liberation, while others simply disintegrated given the improvised materials used.

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