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10 Centavos

Issuer Philippine National Bank, Misamis Occidental Agency (Mindanao)
Year 1942
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Currency Peso (1903-1967)
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Obverse lettering THE MISAMIS OCCIDENTAL AGENCY OF THE PHILIPPINE NATIONAL BANK WILL PAY TO THE BEARER THE AMOUNT OF THIS
PHILIPPINE NATIONAL BANK
EMERGENCY CIRCULATING NOTE
Series of 1942
Ten Centavos
ISSUED BY MISAMIS OCCIDENTAL CURRENCY COMMITTEE
F. D. PACANA - PROVINCIAL TREASURER - CHAIRMAN
RAMON O. NOLASCO - PROVINCIAL FISCAL - MEMBER
L. BARBASA - PROVINCIAL AUDITOR - MEMBER
10 CENTAVOS
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Reverse lettering PNB
10 Centavos
Emergency Circulating Note
10 CENTAVOS 10
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Comments

Philippine National Bank emergency notes issued through provincial and regional agencies in 1942 were a direct response to the Japanese occupation, which disrupted the supply of centrally printed currency almost immediately after the fall of Manila in January of that year. The Misamis Occidental Agency operated on the northern coast of Mindanao, a region that remained under tenuous Filipino and American guerrilla control for longer than many areas of Luzon — which is precisely why a provincial branch could still authorize and circulate its own notes at all.

Three signatories on a low-denomination emergency note is unusual and points to local institutional caution: multiple countersignatures were a hedge against forgery and unauthorized issue in circumstances where no central authority could audit the branch quickly.

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