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20 Pesos

Issuer Mindanao Emergency Currency Board
Year 1943
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Shape Rectangular
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Obverse lettering TWENTY PESOS
Treasury Emergency Currency Certificate
By Authority of the President of the
COMMONWEALTH OF THE PHILIPPINES
This certifies that the Commonwealth Government of the Philippines will redeem this Certificate of face value upon termination of Emergency
TWENTY PESOS
MINDANAO EMERGENCY CURRENCY BOARD
SERIES 1943
MEMBER
CHAIRMAN
MEMBER
Reverse description The reverse is printed in black on white paper, framed by a bold geometric guilloche border with denomination numerals '20' at each corner and 'TWENTY PESOS' repeated vertically along both side margins. The central text panel bears the issuer name 'MINDANAO EMERGENCY CURRENCY BOARD' and the bold heading 'PHILIPPINES / TWENTY PESOS,' followed by bilingual redemption guarantees in English and Filipino (Visayan), together with a counterfeiting warning in both languages.
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Comments

The Mindanao Emergency Currency Board was one of several guerrilla currency authorities operating in the southern Philippines during the Japanese occupation, issuing notes to sustain a parallel economy outside Japanese military scrip. These provincial emergency issues were explicitly illegal under the occupation administration — possession could bring severe consequences — yet they circulated openly in areas where guerrilla networks maintained effective control.

Mindanao's geography made suppression difficult. The island's size and terrain allowed resistance authorities to function with unusual persistence through 1943 and into 1944, which gave these notes a longer active circulation life than most Philippine emergency issues. Notes that survived the war often did so hidden in walls, buried, or carried out by returning servicemen.

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