Catalog
10 Centavos
| Issuer | Mindanao Emergency Currency Board |
|---|---|
| Year | 1945 |
| Type | Standard circulation banknote |
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| Obverse description | Plain note with typeset text throughout. The denomination TEN CENTAVOS appears in large bold letters at centre, with the issuing authority MINDANAO EMERGENCY CURRENCY BOARD below. A redemption pledge by the Commonwealth Government of the Philippines is printed in smaller text above the denomination. The lower right area carries printed names of board officials alongside a handwritten signature of the Chairman, with a series letter and serial number at lower right. |
|---|---|
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| Reverse description | The reverse is printed in a simple typeset style with the denomination TEN CENTAVOS in bold at the top, flanked by the numeral 10 at both corners. Below the issuer inscription, two guarantee clauses are set in italic text: one affirming post-emergency redemption at face value without devaluation or discrimination, and a second warning that counterfeiting will be severely punished. A decorative border of repeating scroll motifs frames all four sides. |
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| Comments |
The Mindanao Emergency Currency Board was one of several provincial guerrilla-backed authorities that issued scrip during the Japanese occupation to keep local economies functional and, critically, to deny the occupying forces a monopoly on exchange. These notes were produced under improvised conditions — paper stocks, printing equipment, and distribution all operated under constant threat of interdiction.
The S-prefix in the Pick reference places this firmly in the Philippine emergency and guerrilla issues, a category that saw enormous variation in print quality and survival rates depending on how close to combat a given district was. Mindanao's geography complicated Japanese control throughout the occupation, which is the direct reason this board existed long enough to issue a recognizable series.
Saguil's chairmanship signature appears consistently across the Mindanao board issues of this period.