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2 Pesos

Issuer Leyte Emergency Currency Board
Year 1943
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Shape Rectangular
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Obverse lettering THE COMMONWEALTH GOVERNMENT OF THE PHILIPPINES
WILL PAY THE BEARER
TWO PESOS
UPON TERMINATION OF EMERGENCY
SERIES 1943
Reverse description The reverse is arranged around printed signature lines for the Provincial Auditor, Provincial Treasurer, and Provincial Fiscal, with the issuing authority identified as LEYTE EMERGENCY CURRENCY BOARD at the foot. The upper portion carries the text ISSUE OF THE LEYTE PROVINCIAL BOARD / AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES, and a serial number appears above the signature block. Guilloche borders frame all four sides in the functional typeset style typical of Philippine provincial emergency issues of the Second World War.
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Comments

The Leyte Emergency Currency Board was one of several provincial and municipal bodies that issued guerrilla currency in the Philippines during Japanese occupation. These notes were produced covertly to keep civil administration functioning in areas where resistance forces maintained some control — accepting Japanese Military pesos was both economically ruinous and, for many, a political act they refused to perform.

Leyte issues are among the better-documented guerrilla series, partly because American military intelligence took an active interest in their circulation as evidence of organized resistance infrastructure. Physical production was improvised; paper quality and printing consistency vary considerably across the run.

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