20 Centavos

Calape is a municipality on Bohol Island in the central Philippines. During the Japanese occupation, dozens of local governments issued their own emergency currency after the invaders introduced military scrip that the civilian population widely distrusted. The Calape board was among the smaller municipal issuers, and its 1943 notes were produced with whatever paper and printing resources were locally available — which means quality varies sharply across surviving examples.

Philippine guerrilla and emergency currency from this period was declared illegal by Japanese authorities, making possession dangerous. That suppression, combined with the destruction of stocks before capture, accounts for the relative scarcity of notes from minor Visayan issuers like Calape.