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1 Peso Victory
| Issuer | Commonwealth of the Philippines |
|---|---|
| Year | 1944 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | BY AUTHORITY OF AN ACT OF THE PHILIPPINE LEGISLATURE, APPROVED BY THE PRESIDENT OF THE UNITED STATES JUNE 13, 1922 THIS CERTIFIED THAT THERE HAS BEEN DEPOSITED IN THE TREASURY OF THE PHILIPPINES ONE PESO PAYABLE TO THE BEARER ON DEMAND IN SILVER PESOS OR IN LEGAL TENDER CURRENCY OF THE UNITED STATES OF EQUIVALENT VALUE VICTORY SERIES NO. 66 COMMONWEALTH OF THE PHILIPPINES UNITED STATES OF AMERICA MABINI VICTORY SERIES NO.66 TREASURY CERTIFICATE |
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| Reverse lettering | ONE PESO ONE PHILIPPINES PESO VICTORY 1 |
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| Comments |
The Victory series was printed in Washington and held in the United States until the liberation of the Philippines was secured — the notes were physically shipped into the islands in the wake of MacArthur's 1944–45 campaign, replacing the Japanese Military Pesos that had circulated under occupation. The "VICTORY" overprint was a deliberate political act, invalidating the occupation currency while signaling the restoration of Commonwealth authority.
P#94 shares plate designs with pre-war Commonwealth issues, a practical decision that allowed rapid production without commissioning new artwork. The BEP had the dies already in hand.