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1 Peso Large heading

Issuer Mountain Province (Philippines)
Year 1942
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Currency Peso (1941-1945)
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Obverse lettering MOUNTAIN PROVINCE EMERGENCY NOTE THIS CERTIFIES THAT THERE HAVE BEEN DEPOSITED IN THE PHILIPPINE NATIONAL BANK THE EQUIVALENT OF ONE PESO PAYABLE TO THE BEARER ON DEMAND
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Reverse lettering ONE PESO THIS NOTE IS ISSUED UNDER AUTHORITY OF THE PROVINCIAL BOARD OF THE MOUNTAIN PROVINCE DURING THIS EMERGENCY (RES NO 5 S 1942) AND IS ONLY GOOD AND NEGOTIABLE WITHIN SAID PROVINCE NOT VALID UNLESS SIGNED BY THE PROVINCIAL GOVERNOR AND PROVINCIAL TREASURER AND COUNTERSIGNED BY THE PROVINCIAL AUDITOR AND SEALED WITH THE OFFICIAL SEAL OF THE MOUNTAIN PROVINCE MOUNTAIN PROVINCE EMERGENCY NOTE ONE PESO
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Comments

Mountain Province was one of several Philippine administrative regions that issued its own emergency guerrilla currency after the Japanese occupation disrupted central banking in 1942. These locally produced notes were authorized under the Commonwealth government-in-exile framework and functioned as a practical workaround for communities cut off from Manila's supply of legal tender. The province's rugged terrain — the Cordillera highlands — actually helped sustain a functioning resistance economy longer than lowland areas.

The "Large heading" designation distinguishes this from a later printing variant with a reduced title block, a difference almost certainly caused by a change in the locally available type or printing equipment mid-issue.

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