5 Centavos

Jagna is a municipality in Bohol, Philippines. During the Japanese occupation, the national government and many local bodies issued their own emergency guerrilla or civilian currency to keep small commerce functioning — the Philippine Commonwealth had collapsed as a functioning monetary authority, and Japanese Military Pesos were both distrusted and insufficient for fractional transactions. These municipal change board notes filled that gap.

Bohol province was notably active in organized resistance, which complicates the provenance of some local issues. Whether this note circulated under Japanese surveillance or in defiance of it depends on which months of 1943 it was actually used.