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| 正面铭文 | Treasury Emergency Currency Certificate BY AUTHORITY OF THE PRESIDENT OF THE COMMONWEALTH OF THE PHILIPPINES 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 SERIES 1944 F. D. PACANA FLORENTINO SAGUIN BARBASA |
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| 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 devaluated or discriminated against Kining sapia kailisan sumala sa iyang bili tapus ang kagubut ng dili kakubsan ne kaayran Counterfeiting of this note will be severely punished Malug-at nga silot ipahamtang sa mga kawat pag sundog ning sapia |
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The Mindanao Emergency Currency Board was one of several provincial wartime authorities that issued guerrilla currency during the Japanese occupation of the Philippines. These notes were produced under genuinely dangerous conditions — clandestine printing operations, scarce materials, and the constant threat of discovery by Japanese forces who declared such currency illegal and punishable by death.
Three signatures appear on this note, which was not unusual for guerrilla issues where multiple officials co-signed to establish legitimacy and prevent forgery within the resistance network itself. Pacana, Saguin, and Barbasa each represented different administrative or financial functions within the board's chain of authority.
Notes from Mindanao series frequently show irregular ink distribution and paper inconsistency — a direct consequence of improvised production, not post-issue damage.