5 Centavos

Philippine municipal emergency notes from the Japanese occupation period (1942–1945) were authorized by the Philippine Executive Commission and later the Philippine Republic under Japanese administration, allowing local governments to issue their own scrip to address acute coin shortages. Salcedo, a municipality in Eastern Samar, was among the smaller issuers — which is precisely why these low-denomination notes rarely survived in any quantity. Wartime paper, rough handling, and deliberate destruction after liberation saw to most of them.

No Pick number has been formally assigned, which itself signals how thinly documented this issuer remains in the major references.