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5 Centavos

发行方 Mindanao Emergency Currency Board
年份 1945
类型 Standard circulation banknote
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正面铭文 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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背面铭文 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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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.

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