Catalog
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| Issuer | Province of Cagayan |
|---|---|
| Year | 1942 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EMERGENCY TREASURY CERTIFICATE THE COMMONWEALTH OF THE PHILIPPINES PROVINCE OF CAGAYAN THIS IS TO CERTIFY THAT THE ISSUANCE OF THIS EMERGENCY CERTIFICATE FOR THE AMOUNT OF TWO PESOS HAS BEEN FULLY AUTHORIZED BY THE PRESIDENT OF THE PHILIPPINES AND THE PROVINCIAL BOARD OF CAGAYAN AND IS REDEEMABLE BY THIS PROVINCE AFTER THE WAR. TWO PESOS |
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| Protection type | Internal Revenue stamp |
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| Comments |
Cagayan's wartime emergency notes were authorized under the Philippine Commonwealth government's dispersal policy following the Japanese invasion — provincial and municipal authorities were permitted to issue their own currency to keep local economies functioning after central banking infrastructure collapsed. The Province of Cagayan in northern Luzon operated with some insulation from the early occupation, but these notes were always provisional, redeemable in theory against future Commonwealth funds.
The Internal Revenue stamp used as a security feature is characteristic of the improvised authentication methods employed across Philippine provincial issues of this period — formal security printing was simply unavailable.