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100 Pesos

Issuer Japanese Government
Year 1945
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In circulation to 1945
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Obverse lettering 100 PESOS THE JAPANESE GOVERNMENT ONE HUNDRED PESOS 臣蔵  府政國帝本日大
(Translation: Minister of Internal Affairs Imperial Government of Japan)
Reverse description The back is printed in yellow-brown on a light lavender guilloche underprint, with a large symmetrical central vignette of elaborate acanthus scroll and floral lathe-work surrounding the bold denomination "100 PESOS" at centre. Denomination numerals "100" are repeated in all four corners within scroll cartouches, and a row of decorative star ornaments runs along the upper border.
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Comments

The Japanese Military Administration issued occupation currency across the Philippines throughout World War II, but the 100 Pesos notes dated 1945 were produced late enough that many never reached meaningful circulation — the war's end came before full distribution could occur. The series to which this belongs was printed without serial numbers, a deliberate cost- and time-saving measure that also made forgery detection essentially impossible.

Filipino guerrilla networks and U.S. psychological operations actively encouraged civilians to refuse Japanese occupation currency, with some success. MacArthur's return and the subsequent military campaign rendered the entire issue worthless almost immediately.

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