2 Pesos

Leyte issued its own emergency currency in 1943 under Japanese occupation, when the Philippine Commonwealth government had collapsed and provincial boards were left to improvise local monetary systems. The Emergency Currency Board arrangement — drawing on provincial fiscal officers rather than central banking authority — was a direct consequence of that administrative vacuum.

The three signatories reflect the legal hedging typical of Philippine guerrilla-adjacent notes: spreading authorization across the Auditor, Treasurer, and Fiscal made the currency harder to delegitimize on a single procedural ground. Whether this actually increased public confidence in Leyte is another question.