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20 Pesos

Issuer Negros Emergency Currency Board
Year 1945
Type Standard circulation banknote
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Obverse lettering Treasury Emergency Currency Certificates
Issued by authority of the President of the Philippines. This certifies that the Commonwealth of the Philippines will redeem this certificate at face value upon termination of emergency
Twenty Pesos
Payable to the bearer on demand
in silver pesos or in legal tender currency of the Philippines
Negros Emergency Currency Board
SERIES OF 1945
Actg. Treasurer MEMBER
Governor CHAIRMAN
Actg. Auditor MEMBER
20
Reverse description The reverse is printed in a plain letterpress style within a repeating ornamental border matching the obverse. The denomination '20 PESOS' appears in the upper left and upper right corners, while the central field carries the large bold text 'Twenty Philippines Pesos' in three lines. The lower corners bear the letters 'XX', and the overall design is intentionally austere, consistent with wartime emergency issue production.
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Comments

The Negros Emergency Currency Board was one of several provincial bodies authorized to issue guerrilla currency during the Japanese occupation of the Philippines. These notes were produced under conditions that were anything but controlled — local materials, improvised printing, and constant threat of discovery meant that consistency across the series was never guaranteed. Negros Occidental maintained a functioning resistance economy longer than most occupied provinces.

The 1945 date places this note in the occupation's final phase, when American forces were already returning to the archipelago. Notes issued this late were often redeemed quickly and destroyed, making survivors scarcer than the print runs suggest.

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