10 Centavos

Municipal emergency currency from the Japanese occupation period. When Imperial Japanese forces occupied the Philippines and imposed military scrip, many isolated municipalities — particularly those in Visayas — cut off from Manila and from each other, improvised their own local exchange media to keep small-denomination trade functional. Ubay, a coastal municipality on Bohol's northeastern shore, was remote enough that central supply was unreliable.

These municipal guerrilla-era notes were typically produced on whatever paper was available, hand-stamped or typewritten, and authorized by the local mayor or treasurer. Survival rates are low — not from heavy circulation, but from deliberate destruction after liberation, when holders feared association with occupation-era documents.