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1000 Pesos
| Issuer | Japanese Government |
|---|---|
| Year | 1945 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Printed in dark green on a pale blue-grey underprint, the reverse is anchored by a large circular guilloche medallion bearing '1000 PESOS' with the numeral '1000' repeated above and below. Symmetrical vignettes of broad-leafed tropical foliage rise on either side of the central medallion against a lightly tinted background, while '1000 PESOS / 1000' is repeated in ornate cartouches at each corner. A horizontal band of repeating '1000' numerals runs along the lower border. |
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| Variants | P#115a - coarse guilloches on back with weak offset from front plate P#115b - fine guilloches on back with weak offset from front plate P#115c - coarse guilloches on back with strong offset from front plate P#115d - fine guilloches on back with strong offset from front plate |
| Comments |
The Japanese Military Administration in the Philippines issued increasingly high denominations as the occupation wore on and inflation accelerated. By 1945, a 1000 Peso note represented a last-ditch attempt to sustain purchasing power in a collapsing wartime economy — Filipino civilians had already taken to calling Japanese occupation currency "Mickey Mouse money," a measure of how thoroughly confidence had evaporated.
Printed without serial numbers, the note was produced cheaply and in enormous quantity. After liberation, the entire series was demonetized by the restored Commonwealth government with no provision for redemption.