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| 正面描述 | The obverse is printed in blue-green ink on white paper with a decorative scrollwork border enclosing the full design. At upper left, a circular vignette bears the seal of the Commonwealth of the Philippines. The central text block carries the Treasury Emergency Currency Certificate legend, certifying redemption at face value upon termination of the emergency, with the large denomination inscription TWENTY PESOS and issuer title MINDANAO EMERGENCY CURRENCY BOARD. The series year 1943 and an alphanumeric serial number appear at upper right, with three facsimile signatures of board members along the lower portion. |
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| 背面铭文 | ISSUED BY THE MINDANAO EMERGENCY CURRENCY BOARD PHILIPPINES TWENTY PESOS This note is redeemable at face value after the emergency and will not be devaluated or discriminated against Kining sapi-a kailisan sumala sa iyang bili tapus ang kagubut og dili kakubsan ni kaayran Counterfeiting of this note will be severely punished Mabus-at nga silot ipahamtang sa mga kawat pag sundog ning sapia 20 |
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The Mindanao Emergency Currency Board was one of several provincial guerrilla currency authorities established in the Philippines during the Japanese occupation to fund resistance operations and provide a functioning medium of exchange outside the Japanese-issued Mickey Mouse money, which most Filipinos refused to trust. Mindanao's geography — large, mountainous, and difficult to fully occupy — made it one of the more viable territories for this kind of parallel monetary structure.
These emergency issues were printed under extremely constrained conditions, often on whatever paper stock was available, which means quality and color consistency vary considerably across surviving examples. Japanese counter-insurgency operations periodically targeted the printing infrastructure directly.