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10 Pesos

Issuer Negros Emergency Currency Board
Year 1944-1945
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Reference(s) P#S676
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Obverse lettering TREASURY EMERGENCY CURRENCY CERTIFICATE ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES THIS CERTIFIES THAT THE COMMONWEALTH OF THE PHILIPPINES WILL REDEEM THIS CERTIFICATE AT FACE VALUE UPON TERMINATION OF EMERGENCY SERIES OF 1944 TEN PESOS PAYABLE TO THE BEARER ON DEMAND IN SILVER PESOS OR IN LEGAL TENDER CURRENCY OF THE PHILIPPINES NEGROS EMERGENCY CURRENCY BOARD MEMBER CHAIRMAN MEMBER
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Reverse lettering Ten Philippines Pesos 10 PESOS
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Comments

The Negros Emergency Currency Board operated on Negros Island during the Japanese occupation of the Philippines, issuing guerrilla currency to sustain a local economy that had been deliberately severed from Japanese military scrip. These notes carried real risk — possession of guerrilla money was treated as a hostile act by Japanese forces, and civilian holders who were caught faced severe consequences.

The board's series was produced under improvised conditions, and paper stock varied considerably across printings. P#S676 examples frequently show uneven inking, a direct consequence of limited press access rather than negligence.

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