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20 Centavos

Issuer Mindanao Emergency Currency Board
Year 1943
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Value 20 Centavos (0.20)
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Obverse description Plain paper note printed in black letterpress with a simple decorative border running along all four edges. The central text block carries the redemption pledge of the Commonwealth Government of the Philippines, with the denomination TWENTY CENTAVOS in bold type at center and the issuer's name MINDANAO EMERGENCY CURRENCY BOARD below. The printed signatures of Florentino Saguin as Chairman and F.A. Pacana and L. Barbasa as Members appear at lower right, with a manuscript signature overlaid at lower left, alongside a serial number and series designation SERIES 1943 at top.
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Signature(s) Florentino Saguin (Chairman), F.A. Pacana and L. Barbasa (Members)
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Comments

The Mindanao Emergency Currency Board was one of several provincial bodies authorized to issue guerrilla currency during the Japanese occupation of the Philippines. These notes circulated in contested territory where Japanese military scrip was rejected outright by the local population — acceptance of occupation currency was itself a political act, and many Mindanao communities refused it entirely.

The three-signature format, with a named chairman and two countersigning members, was a deliberate gesture of institutional legitimacy under improvised conditions. Survival rates vary sharply by province; Mindanao issues were subject to destruction orders if guerrilla positions were overrun.

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