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20 Centavos
| Issuer | Mindanao Emergency Currency Board |
|---|---|
| Year | 1943 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | The reverse is typeset on plain paper with a Greek-key patterned border along all edges. The denomination 20¢ appears in each corner, with TWENTY CENTAVOS and the issuing authority ISSUED BY THE MINDANAO EMERGENCY CURRENCY BOARD PHILIPPINES at the top. A central italic text block states the note is redeemable at face value after the emergency and will not be devalued or discriminated against, with a counterfeiting warning below, and the word TWENTY in bold at the foot. |
| Reverse lettering | 20¢ TWENTY CENTAVOS ¢20 ISSUED BY THE MINDANAO EMERGENCY CURRENCY BOARD PHILIPPINES This note is redeemable at face value after the emergency and will not be devaluated or discriminated against Counterfeiting of this Note will be severely punished TWENTY |
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| Comments |
The Mindanao Emergency Currency Board was one of several provincial and local bodies that issued guerrilla currency during the Japanese occupation of the Philippines. These notes had no backing beyond the authority of resistance-aligned officials and the confidence of civilians in remote areas still outside firm Japanese control. Mindanao's geography — fragmented, heavily forested, and difficult to occupy uniformly — made such local monetary arrangements viable longer than in Luzon.
Three signatures appear on this note, which was unusual among guerrilla issues and reflects a deliberate effort to project institutional legitimacy under occupation conditions.