5 Centavos

Municipal emergency currency issued under Japanese occupation, when the invading administration's military scrip — the so-called "Mickey Mouse money" — was distrusted and often refused at the local level. Towns and municipalities across the Visayas and Mindanao improvised their own fractional notes to keep commerce moving, particularly for small transactions that military peso notes couldn't efficiently handle.

Oras, on the northeastern coast of Samar, was guerrilla country by 1943. Whether notes like this saw genuine daily circulation or functioned more as scrip within a constrained local economy under partial resistance control is genuinely difficult to determine. Philippine municipal emergency issues from this period vary enormously in their survival rates and documentation.