20 Centavos

The Mountain Province emergency scrip series of 1942 was produced under Japanese occupation conditions, when the Philippine Commonwealth's regular banking system had collapsed and local governments were scrambling to keep small-denomination exchange functioning. The Provincial Board issues were authorized by whatever civil authority remained intact in the Cordillera highlands — a region that saw prolonged guerrilla resistance and significant disruption to normal commerce throughout the occupation period.

The embossed seal was the primary anti-counterfeiting measure, which tells you how limited the production resources were. Paper, a hand press, and an official seal were essentially the entire security apparatus.