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1 Peso

Issuer Negros Emergency Currency Board
Year 1943
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Currency Peso (1903-1949)
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Obverse description Red-orange letterpress print on plain paper with a decorative guilloche border running along all four edges. The centre carries the large denomination legend ONE PESO, above which a text block certifies the note is a Treasury Emergency Currency Certificate issued by authority of the President of the Philippines and redeemable at face value upon termination of emergency. A circular Commonwealth of the Philippines seal is applied in green ink to the right, and three manuscript signatures with their printed titles appear along the lower portion above the serial number.
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Reverse description Plain paper reverse printed in olive-green letterpress, with a simple guilloche ornamental border framing the entire note. The denomination ONE PHILIPPINES PESO is displayed in large serif type at the centre, while the vertical side panels bear the inscription ONE PESO repeated in both horizontal and vertical orientations.
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Comments

The Negros Emergency Currency Board was one of several provincial bodies established across the Philippine islands during the Japanese occupation to keep local economies functional after the occupying forces displaced existing currency supplies. Negros Occidental operated with considerable autonomy during this period, and the emergency notes issued there were backed informally by the provincial government rather than any banking institution.

These guerrilla-era notes were printed under difficult conditions with locally available materials, and paper quality varies considerably across surviving examples. Japanese authorities considered possession of such notes an act of resistance.

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