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1 Peso
| Issuer | Province of Masbate |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | 1 Peso |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Typeset emergency issue in letterpress on plain white paper, with the heading 'PROVINCE OF MASBATE' in bold display type at centre. The denomination 'ONE PESO' is printed in large capital letters, accompanied by a redemption clause guaranteeing payment in silver pesos or equivalent United States legal tender currency, and a certifying legend at the top referencing a deposit held with the Philippine National Bank to the official credit of the Provincial Treasurer. A serial number appears at the right, and two manuscript signatures of provincial officials are subscribed at the lower portion above the designation 'EMERGENCY TREASURY CERTIFICATE'. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | PROVINCIAL AUDITOR JAN 15 1942 MAsBATe |
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| Comments |
Masbate was one of several Philippine provinces that issued its own emergency currency following the Japanese occupation of Manila in early 1942. Cut off from the Commonwealth government's central banking apparatus, local administrations printed their own guerrilla pesos to sustain commerce and pay civil servants — this note is part of that improvised wartime monetary infrastructure.
Provincial emergency notes from the Philippine islands vary enormously in printing quality and surviving quantities. Masbate's issues are among the less commonly encountered, reflecting both the island's small population and the destruction that accompanied Japanese consolidation of the Visayas in 1942–43.