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1 Peso Green
| Issuer | Provincial Board of Cagayan |
|---|---|
| Year | 1942 |
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| Composition | Log in to see details |
| Size | 157 × 67 mm |
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| Obverse description | Central vignette of a spread-winged eagle set against radiating sunburst rays, printed in green on an uncoloured ground. The denomination ONE PESO appears in large letters across the centre, with the provincial name CAGAYAN in bold capitals above; numeral 1 in ornamental cartouches occupies each corner. Three manuscript signatures appear across the face, with serial numbers in violet at upper left and upper right. |
|---|---|
| Obverse lettering | 1 EMERGENCY CERTIFICATE 1 CAGAYAN PESO PESO 1 ONE PESO 1 THIS CERTIFIES THAT THERE HAS BEEN DEPOSITED IN THE PHILIPPINES NATIONAL BANK THE EQUIVALENT OF ONE PESO PAYABLE TO THE BEARER ON DEMAND AFTER THE WAR ONE PESO |
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| Comments |
The Provincial Board of Cagayan was one of several Philippine provincial governments that issued emergency guerrilla currency after the Japanese occupation severed normal financial supply lines in 1942. These provincial issues were authorized under emergency powers and intended to keep local commerce functioning — not as instruments of the central banking system, but as pragmatic stop-gaps backed by whatever provincial assets or goodwill could be pledged at the time.
Cagayan's issues are among the more documented of the Philippine emergency series, though survivorship varies considerably by denomination. The S188 cataloging places this within the recognized Philippine guerrilla currency framework established postwar by collectors and the Philippine government alike.