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20 Pesos
| Issuer | Mindanao Emergency Currency Board |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1941-1945) |
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|---|---|
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| Reverse description | Printed in black on plain paper, the reverse is dominated by a central cartouche bearing the Roman numeral 'XX' flanked by laurel branches, with 'TWENTY PESOS' below. Large numeral '20' appears at each corner within ornamental frames. A repeated 'CURRENCY BOARD' underprint pattern fills the background. Issuing authority text and place of issue are set across the upper field. |
| Reverse lettering | TWENTY PESOS ISSUED BY THE MINDANAO EMERGENCY CURRENCY BOARD DANSALAN, LANAO PHILIPPINES XX TWENTY PESOS TWENTY PESOS |
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| Comments |
The Mindanao Emergency Currency Board was one of several provincial bodies authorized to issue guerrilla currency following the Japanese occupation of the Philippines in 1942. These issues were a deliberate act of economic resistance — the intention was to keep a functioning peso system alive in areas outside Japanese control and to deny the occupiers a monetary vacuum they could fill with Military Pesos.
Mindanao's geography made sustained guerrilla activity more viable than elsewhere in the archipelago, and the Emergency Currency Board operated with at least tacit support from remaining USAFFE elements. Notes from this series are frequently found with significant wear or moisture damage, consistent with field use in tropical conditions.
Surviving examples in clean, unfolded condition are the exception rather than the rule for S474.