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10 Pesos
| Issuer | Leyte Emergency Currency Board |
|---|---|
| Year | 1942 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | TEN PESOS SERIES 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 LEYTE EMERGENCY CURRENCY BOARD 10 |
| Reverse description | The reverse carries a plain letterpress design with TEN PESOS in the top and bottom border panels and large bold PESOS lettering as the dominant central element, printed over a light underprint. The place of issue, TACLOBAN PHILIPPINES, is inscribed in the upper central area, with ornamental scroll corner pieces bearing the numeral X. A cautionary legend reading NOT VALID UNLESS COUNTERSIGNED / CURRENCY COMMITTEE is printed across the lower center. |
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| Comments |
The Leyte Emergency Currency Board was one of several provincial bodies authorized to issue guerrilla currency after the Japanese occupation of the Philippines began in late 1941. These notes circulated in areas where resistance forces maintained enough control to make local scrip functional — a serious undertaking, not a symbolic gesture. Leyte's issues were among the better-organized provincial emissions, backed loosely by pre-war provincial funds and whatever assets the local government could still credibly claim.
Japanese military authorities declared possession of guerrilla currency punishable by death. That enforcement reality shaped how these notes circulated — passed quickly, hidden often, rarely kept long.