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2 Pesos

Issuer Mindanao Emergency Currency Board
Year 1943-1945
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Value 2 Pesos
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Obverse lettering TREASURY EMERGENCY CURRENCY CERTIFICATE BY AUTHORITY OF THE PRESIDENT OF THE COMMONWEALTH OF THE PHILIPPINES SERIES 1944 THIS CERTIFIES THAT THE COMMONWEALTH GOVERNMENT OF THE PHILIPPINES WILL REDEEM THIS CERTIFICATE AT FACE VALUE UPON TERMINATION OF EMERGENCY TWO PESOS MINDANAO EMERGENCY CURRENCY BOARD
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Reverse lettering ISSUED BY THE MINDANAO EMERGENCY CURRENCY BOARD PHILIPPINES TWO PESOS THIS NOTE IS REDEEMABLE AT FACE VALUE AFTER THE EMERGENCY AND WILL NOT BE DEVALUATED OR DISCRIMINATED AGAINST KINING SAPIA KAILISAN SUMALA SA IYANG BILI TAPUS ANG KAGUBUT UG DILI KAKUBSAN NI KAAYRAN COUNTERFEITING OF THIS NOTE WILL BE SEVERELY PUNISHED MABUG-AT NGA SILOT IPAHAMTANG SA MAGA KAWAT PAG SUNDOG NING SAPIA
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Comments

The Mindanao Emergency Currency Board was one of several provincial and regional bodies that issued guerrilla currency in the Philippines during the Japanese occupation. These notes circulated in areas where American-led and Filipino resistance forces maintained administrative control, functioning as a parallel economy to the Japanese-sponsored Mickey Mouse money that officially displaced the Commonwealth peso. Acceptance was partly practical, partly a declaration of loyalty — using guerrilla currency carried real risk if Japanese patrols were encountered.

Mindanao's geography, with its dense interior and multiple active guerrilla commands, made local currency issuance more sustainable there than in most other islands. The three-signature authentication reflects the board structure typical of these emergency authorities, designed to prevent unilateral overprinting.

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