10 Centavos

The Aklan Emergency Currency Board was one of dozens of local Philippine authorities that printed emergency guerrilla currency during the Japanese occupation. Aklan, a province in the Visayas, operated outside Japanese-controlled banking channels — these notes functioned as a parallel economy, backed by nothing more formal than provincial authority and the expectation of eventual Allied liberation.

Low-denomination centavo notes like this saw the hardest circulation, passed hand to hand for basic goods when coins disappeared from daily use. The survival rate for small Aklan issues is poor precisely because of that heavy handling.