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20 Pesos
| Issuer | Leyte Emergency Currency Board |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | 20 Pesos |
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| Obverse description | Printed in blue and red on plain paper, the obverse carries the large denomination numerals XX at the left and right margins, framing a central text panel enclosed within a fine guilloche border. The panel bears the legends TREASURY EMERGENCY CURRENCY CERTIFICATE and BY AUTHORITY OF THE PRESIDENT OF THE COMMONWEALTH OF THE PHILIPPINES, with a serial number flanking the country name. Below, a redemption clause and the denomination TWENTY PESOS PAYABLE TO THE BEARER ON DEMAND IN LAWFUL CURRENCY OF THE PHILIPPINES are inscribed, with three manuscript signatures at the foot attributed to the Provincial Treasurer, Deputy Auditor Chairman, and Provincial Fiscal. |
|---|---|
| Obverse lettering | TWENTY PESOS 1942 TREASURY EMERGENCY CURRENCY CERTIFICATE BY AUTHORITY OF THE PRESIDENT OF THE COMMONWEALTH OF THE PHILIPPINES THIS CERTIFIES THAT THE PHILIPPINE GOVERNMENT WILL REDEEM THIS CERTIFICATE AT FACE VALUE UPON TERMINATION OF EMERGENCY TWENTY PESOS PAYABLE TO THE BEARER ON DEMAND IN LAWFUL CURRENCY OF THE PHILIPPINES PROV. TREASURER DEPUTY AUDITOR CHAIRMAN PROV. FISCAL |
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| Comments |
The Leyte Emergency Currency Board was one of dozens of provincial and municipal emergency currency bodies that sprang up across the Philippine archipelago following the Japanese invasion of December 1941. With the Commonwealth government in exile and normal banking channels severed, local officials were authorized — or simply took it upon themselves — to print emergency notes to keep local economies functioning under occupation conditions.
Leyte notes are among the more elusive of the Philippine guerrilla and emergency issues. The island's relative isolation during the early occupation period meant small print runs on whatever paper was locally available, and survival rates reflect that.