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1 Peso

Issuer Negros Emergency Currency Board
Year 1945
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Value 1 Peso
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Obverse description The obverse is printed in red-pink ink on plain paper, with a decorative border of repeated geometric and floral ornaments framing the entire note. The central text reads 'ONE PESO' in large bold letterpress type, surrounded by issuing authority text in smaller script certifying redemption by the Commonwealth of the Philippines upon termination of emergency. A circular seal of the Commonwealth of the Philippines appears to the right, and the legend 'SERIES OF 1945' is printed to the left. Three manuscript signatures appear along the lower portion, identified below as Acting Treasurer (Member), Governor (Chairman), and Acting Auditor (Member).
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Reverse lettering One Philippines Peso
1 PESO
ONE PESO
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Comments

The Negros Emergency Currency Board was one of several provincial wartime authorities that issued guerrilla currency during the Japanese occupation of the Philippines. These notes circulated in Negros Occidental under American-backed resistance administration, functioning as a parallel economy to the Japanese-issued "Mickey Mouse" pesos that the occupation forces mandated for use.

The 1945 date places this note in the final stretch of the occupation, when liberation was imminent and the guerrilla issues were nearing the end of their practical necessity. Many were redeemed or destroyed after liberation, and notes from the terminal issues tend to survive in smaller numbers than the earlier wartime printings.

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