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100 Pesos

Issuer USAFFE Guerrilla Forces, Luzon
Year 1942
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Currency Peso (1941-1945)
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Obverse description Portrait vignette of President Roosevelt at left, with an Air Force emblem at right and an embossed seal at centre. The note is dominated by an extensive letterpress text block authorising the issuance of this emergency currency under the command of Major Walter Cushing's guerrilla forces, operating under General MacArthur and President Quezon. The overall design is characteristic of wartime emergency issues, with plain typeset layout and minimal decorative elements.
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Reverse lettering P100
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Comments

USAFFE — United States Army Forces in the Far East — guerrilla currency from Luzon was produced under genuinely chaotic conditions following the fall of Bataan in April 1942. Local commanders were authorized, sometimes loosely, to issue emergency notes to pay Filipino civilians and soldiers still resisting Japanese occupation. The S400-series notes from Luzon are among the more numerous guerrilla issues, but high denominations saw less hand-to-hand use and were more likely retained as pay records or exchanged in bulk.

Japanese forces actively suppressed guerrilla currency, and possession could result in execution.

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