5 Centavos

The Seventh Military District guerrilla notes were authorized under General MacArthur's broader directive permitting Philippine resistance commanders to issue emergency currency during the Japanese occupation. The Seventh District covered the Visayas region, and these small-denomination centavo notes were intended to keep local economies functional under conditions where Japanese-issued Mickey Mouse money was both distrusted and deliberately avoided by the civilian population.

Survival rates vary considerably across the guerrilla series. Low-denomination notes like this one circulated hard — passed through markets, fishing villages, and resistance supply networks — while higher denominations were more likely to be hoarded or held by commanders. The paper quality used in field printings was inconsistent, and many examples show foxing or fiber degradation inherent to the stock, not subsequent storage.