Catalog
5 Centavos
| Issuer | Mindanao Emergency Currency Board |
|---|---|
| Year | 1945 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | FIVE CENTAVOS Series 1945 THIS CERTIFIES THAT THE COMMONWEALTH GOVERNMENT OF THE PHILIPPINES WILL REDEEM THIS CERTIFICATE AT FACE VALUE UPON TERMINATION OF EMERGENCY FIVE CENTAVOS MINDANAO EMERGENCY CURRENCY BOARD FLORENTINO SAGUIN Chairman F. D. PACANA BARBASA Members |
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| Reverse lettering | FIVE CENTAVOS ISSUED BY THE MINDANAO EMERGENCY CURRENCY BOARD PHILIPPINES This note is redeemable at face value after the emergency and will not be devaluated or discriminated against Counterfeiting of this Note will be severely punished FIVE |
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| Comments |
The Mindanao Emergency Currency Board was one of several guerrilla currency authorities operating in the southern Philippines during the Japanese occupation. These local boards printed their own notes to sustain the resistance economy — Japanese military pesos were rejected outright by much of the interior population, and US-backed guerrilla commanders actively encouraged the alternative issues to undermine occupation monetary control.
Three signatures on a 5 centavo denomination is unusual by any measure. The Saguin-Pacana-Barbasa combination appears consistently across the S531 series, suggesting the board operated with collective authorization rather than delegated signing authority — a practical safeguard against capture or defection disrupting the currency supply.