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1 Peso Green
| Issuer | Provincial Board of Cagayan |
|---|---|
| Year | 1942 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| 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 |
| Reverse description | Log in to see details |
| Reverse lettering | COMMONWEALTH OF THE PHILIPPINES CAGAYAN ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES AND THE PROVINCIAL BOARD OF CAGAYAN REFUSAL TO ACCEPT THIS NOTE IS PUNISHABLE BY LAW |
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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.