2 Pesos

Negros Oriental was one of several Philippine provinces that issued its own emergency currency after the Japanese invasion cut off the supply of Commonwealth government notes. These provincial guerrilla issues were authorized locally and produced under occupation conditions, often on whatever paper and printing equipment remained available.

The S655 series is among the more obscure of the Negros emergency issues — the island itself was split between Negros Oriental and Negros Occidental, each producing distinct series with no coordination between them. Notes from both provinces circulated alongside each other, Japanese military pesos, and pre-war Commonwealth currency simultaneously.

Foxing and brittleness are endemic to Philippine emergency paper from this period due to wartime paper quality.