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10 Pesos

Issuer Mindanao Emergency Currency Board
Year 1942
Type Local banknote
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Obverse lettering TEN PESOS TEN PESOS TREASURY EMERGENCY CURRENCY CERTIFICATE BY AUTHORITY OF THE PRESIDENT OF THE COMMONWEALTH OF THE PHILIPPINES THIS CERTIFIES THAT THE PHILIPPINE GOVERNMENT WILL REDEEM THIS CERTIFICATE AT FACE VALUE UPON TERMINATION OF EMERGENCY TEN PESOS PAYABLE TO THE BEARER ON DEMAND IN LAWFUL CURRENCY OF THE PHILIPPINES MINDANAO EMERGENCY CURRENCY BOARD TEN PESOS
Reverse description The reverse is dominated by a large diagonal cross or saltire vignette at centre, formed by crossed objects radiating from a central star, set within an ornate rectangular frame with guilloche corner panels bearing the numeral '10'. The text 'DANSALAN, LANAO' and 'PHILIPPINES' appear above the central vignette. A repetitive diagonal underprint bearing the words 'MINDANAO EMERGENCY CURRENCY BOARD' fills the entire field as a security measure.
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Comments

The Mindanao Emergency Currency Board was one of several provincial and local bodies that rushed emergency notes into circulation after the Japanese invasion of December 1941 severed the Philippines from its normal banking infrastructure. Mindanao held out longer than Luzon, and local authorities had more time to organize — the MECB issues are consequently better documented and more systematically printed than many guerrilla-era notes from the archipelago.

P#S473 falls within a series produced under genuinely chaotic conditions, with supply chains for paper and ink unreliable at best. The underprint security feature is notable given the circumstances — a deliberate attempt to deter Japanese forgery operations, which were actively targeting emergency Philippine currency to destabilize civilian confidence.

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