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1 Peso

Issuer Mindanao Emergency Currency Board
Year 1943-1945
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Reference(s) P#S505
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Reverse description Black letterpress printing on plain paper within a decorative border. The centre is occupied by four paragraphs of bilingual text in English and Visayan (Cebuano), setting out the redemption pledge and penalties for counterfeiting. The denomination ONE PESO appears in bold type at both top and bottom of the note, with the numeral 1 repeated vertically along both side margins.
Reverse lettering 1 P E S O 1 1 P E S O 1 ONE PESO ISSUED BY THE MINDANAO EMERGENCY CURRENCY BOARD PHILIPPINES THIS NOTE IS REDEEMABLE AT FACE VALUE AFTER THE EMERGENCY AND WILL NOT BE DEVALUATED OR DISCRIMINATED AGAINST KINING SAPIA KAILISAN SUMALA SA IYANG BILI TAPUS ANG KAGUBUT UG DILI KAKUBSAN NI KAAYRAN COUNTERFEITING OF THIS NOTE WILL BE SEVERELY PUNISHED MABUG-AT NGA SILOT IPAHAMTANG SA MAGA KAWAT PAG SUNDOG NING SAPIA ONE PESO
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Comments

The Mindanao Emergency Currency Board was one of several provincial guerrilla currency authorities that issued notes during the Japanese occupation of the Philippines. These boards operated with tacit backing from remaining U.S.-aligned Filipino resistance networks, printing emergency scrip to keep local economies functional and deny the Japanese military scrip a monopoly on exchange. Mindanao's relative geographic isolation, and the strength of guerrilla activity there under General Fertig, gave these notes more practical reach than those issued on more heavily occupied islands.

Paper supply was improvised throughout production. Some surviving examples show bleed from acidic local stock.

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