Catalog
1 Peso
| Issuer | Negros Occidental Provincial Currency Committee |
|---|---|
| Year | 1942 |
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| Value | 1 Peso |
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|---|---|
| Obverse lettering | ONE PESO EMERGENCY CIRCULATING NOTE OF 1942 ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES ON JANUARY 20, 1942 THE COMMONWEALTH OF THE PHILIPPINES WILL PAY TO THE BEARER ON DEMAND ONE PESO IN LAWFUL CURRENCY OF THE PHILIPPINES NEGROS OCCIDENTAL PROVINCIAL CURRENCY COMMITTEE Provincial Fiscal Member Provincial Treasurer Chairman Actg. Peso Auditor Member SERIES OF 1942 |
| Reverse description | The reverse is printed entirely in red on white paper and bears a large central 'V' underprint motif — a wartime Victory symbol — with the denomination 'ONE PESO' printed in bold letters across the center and 'COMMONWEALTH OF THE PHILIPPINES' below. The word 'PESO' appears vertically along both lateral margins, and the entire field is covered by a fine horizontal-line guilloche underprint with decorative geometric borders at the corners. |
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| Comments |
When Japanese forces occupied the Philippine archipelago in 1942, provincial and local governments across the islands improvised their own emergency currency rather than accept Japanese Military Administration notes. Negros Occidental was among the more organized of these efforts — the Provincial Currency Committee had legal backing from the Commonwealth government-in-exile's policy permitting local emergency issues, which gave these notes a quasi-official standing unusual among guerrilla-era Philippine paper.
Negros issues are notoriously prone to foxing and paper deterioration given the tropical conditions under which they circulated and were stored. Many surviving examples show heavy handling consistent with genuine wartime use in a sugar-producing province cut off from Manila for years.