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2 Pesos

Issuer Municipality of Oras, Samar
Year 1943
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Shape Rectangular
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Obverse description Letterpress-printed emergency certificate of deposit on cream paper with a decorative typeset border. The denomination TWO PESOS appears in large bold letters at centre, above a redemption pledge text. Three signature lines at the bottom are captioned Mun. Mayor, Bn. Commander, and Mun. Treasurer, with a circular official stamp applied diagonally at lower right. Handwritten serial numbers and the series designation S-1943 appear at left and right.
Obverse lettering COMMONWEALTH OF THE PHILIPPINES MUNICIPALITY OF ORAS SAMAR BY AUTHORITY OF THE MUNICIPAL COUNCIL AS PER RESOLUTION NO. 10 1943 TWO PESOS THIS CERTIFIES THAT THE MUNICIPAL GOVERNMENT OF ORAS, SAMAR, WILL REDEEM THIS CERTIFICATE OF DEPOSIT AT FACE VALUE FROM THE BEARER ON DEMAND IN LAWFUL CURRENCY OF THE PHILIPPINES
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Comments

Municipal emergency notes from the Japanese occupation of the Philippines are among the most historically loaded pieces of Philippine paper money. When the Japanese Military Administration flooded the archipelago with its own occupation currency — quickly derided as "Mickey Mouse money" for its worthlessness — local governments in Samar and elsewhere began issuing their own guerrilla or municipal scrip to maintain basic commerce in areas where resistance was active or Japanese control was thin.

Oras, on the northeastern coast of Samar, was precisely the kind of isolated municipality where central supply of any usable currency was unreliable. Whether this note circulated openly or was suppressed under Japanese pressure is not documented with certainty for this specific issuer.

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