20 Centavos

Emergency local currency boards proliferated across the Philippines during the Japanese occupation, filling the gap left by the collapse of pre-war Commonwealth peso circulation and the public's widespread rejection of Japanese Military Pesos. The Clarin Emergency Board operated in Bohol, one of dozens of municipal and provincial bodies authorized — loosely — to issue their own scrip for localized trade.

These Bohol issues were typically printed on whatever paper was available, often with crude typography and hand-stamped serial numbers. Survival rates are low, not because of wartime destruction per se, but because the notes were redeemed or simply discarded once regular currency returned after liberation in 1945.