1 Peso

One of numerous municipal emergency issues that proliferated across the Philippine provinces following the Japanese invasion in late 1941 and early 1942. When Japanese forces disrupted the established financial system and Commonwealth currency became scarce or hoarded, local governments — municipalities, provinces, and guerrilla commands alike — printed their own scrip to keep commerce moving. Zamboanga's issue was produced locally under occupation-era conditions, which typically meant rudimentary printing equipment and whatever paper stock was available.

The Japanese military administration officially outlawed guerrilla and municipal scrip, making possession of such notes a serious risk for holders.