1 Peso

Misamis Occidental is a province on the northern coast of Mindanao, and this note was issued in 1942 — the same year Japanese forces completed their occupation of the Philippine archipelago. Provincial currency committees like this one operated under the authority of the Philippine Commonwealth government-in-exile, printing emergency guerrilla currency to sustain civilian commerce and fund resistance operations in areas the Japanese either did not control or controlled only loosely.

The Philippine National Bank's co-issuer designation on these provincial emergency notes is largely nominal — local committees held the real administrative authority, which is why the three signatories are all provincial civil officers rather than central bank personnel.