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| 背面铭文 | 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 sapt-e kailisan sumala sa iyang bili tapus ang kagubut ug dili kakubsen ni kaayran Counterfeiting of this note will be severely punished Mabug at nga silot ipahemtang sa mga hawat pag sundog ning sapia ONE PESO |
| 签名 | Florentino Saguin (Chairman), F.D. Pacana and I. Barbasa (Members) |
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The Mindanao Emergency Currency Board was one of several guerrilla-aligned civilian authorities that issued scrip during the Japanese occupation of the Philippines. These notes were produced under genuinely dangerous conditions — possession of unauthorized currency was treated by Japanese forces as evidence of resistance activity, punishable by death. The practical risk attached to carrying this note was not incidental; it was the defining circumstance of its use.
Mindanao held out longer than Luzon, and its interior regions sustained Filipino civil administration well into 1944–45. Emergency scrip from this board is less common than issues from some other Philippine provinces, partly because production and distribution were deliberately kept dispersed to avoid interdiction.
Three signatures authenticate this note: Chairman Florentino Saguin alongside members F.D. Pacana and I. Barbasa.