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| 背面描述 | The reverse is printed in brown on plain paper, enclosed by a border of repeated dotted and ornamental rules. The issuer name 'Issued by the Mindanao Emergency Currency Board' and 'PHILIPPINES' appear at the top, with the denomination 'TWO PESOS' in large bold letters below. The central text panel contains a redemption guarantee in English, followed by the equivalent text in Visayan, and a counterfeiting warning in both English and Visayan. Numeral '2' appears in each corner. |
| 背面铭文 | Issued by the Mindanao Emergency Currency Board PHILIPPINES TWO PESOS This note is redeemable at face value after the emergency and will not be devalued or discriminated against Kining sapia kaitisan sumala sa iyang bili tapus ang kagubut ug dili kakubsan ni kaayran Counterfeiting of this note will be severely punished Mabug-at nja silot ipahamtang sa mga kawat pag sundog ning sapia |
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The Mindanao Emergency Currency Board was one of several provincial and regional bodies that issued guerrilla currency during the Japanese occupation of the Philippines. These notes were produced under wartime conditions to keep local commerce functioning in areas outside Japanese-controlled zones — Japanese military authorities considered possession of such notes a serious offense, and civilians caught holding them faced severe consequences.
Mindanao's geography aided resistance operations longer than most Philippine islands, and emergency currency continued circulating there well into 1944. Paper quality and printing consistency varied considerably across batches, a direct result of improvised supply chains.