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| 正面描述 | Intaglio portrait vignette of José Rizal at lower left, shown as a three-quarter bust facing slightly right against an ornate guilloche frame. The upper field carries a two-line legislative inscription above the bank title BANGKO SENTRAL NG PILIPINAS in bold letterpress, with the denomination SANDAANG PISO in large serif text across the centre over a radiating sunburst underprint. Denomination numerals 100 appear in each corner, and an elaborate scrollwork border with lace-pattern edges frames the entire face; a manuscript signature with the title KAGAWAD-BANSA SA PANANALAPI appears at lower right. |
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| 背面铭文 | BANGKO SENTRAL NG PILIPINAS SANDAANG PISO (Translation: Central Bank of the Philippines One hundred pesos) |
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Pick 116 is a Japanese Military Administration note, not a Bangko Sentral ng Pilipinas issue — the BSP wasn't established until 1949. The "1944" dating and Philippine peso denomination place this squarely within the Japanese occupation series, printed in bulk as the Pacific War entered its final, desperate phase. Japan flooded the occupied territories with these notes at volumes completely detached from any reserve backing, accelerating an inflation so severe that Filipinos eventually referred to the currency as "Mickey Mouse money."
By late 1944, a single duck could cost several hundred pesos. Notes from this period often circulated in rough condition simply because the volume was enormous and the paper quality poor.