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| 裏面の説明 | The reverse is printed in a single dark ink with large numeral 20 vignettes at each corner and a central ornamental frame enclosing the Roman numeral XX above the inscription TWENTY PESOS. The upper portion carries the issuing authority text and place of issue, while a repeated underprint watermark pattern reading CURRENCY BOARD covers the entire field as a security measure. |
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| 偽造防止技術 | Underprint |
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The Mindanao Emergency Currency Board was one of several provincial authorities that issued guerrilla currency during the Japanese occupation of the Philippines. These notes circulated in areas where the resistance maintained enough territorial control to sustain a parallel economy — Mindanao being one of the more persistent holdouts. The Japanese military administration declared such currency illegal, and possession could carry severe consequences for civilians caught with it.
Pick 474 is among the more frequently encountered Mindanao emergency issues, which suggests reasonably wide distribution before the liberation period made them redundant.