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| 正面描述 | The note is printed in brown on plain paper stock. The denomination numeral '5' appears in large bold type at each lower corner, with 'FIVE PESOS' in large serif lettering at centre below the main text block. The upper portion bears the issuer name 'CAGAYAN' in large display type flanked by serial numbers, above a cursive inscription certifying deposit with the Philippine National Bank, with three manuscript signatures appearing across the lower half of the note. |
|---|---|
| 正面铭文 | CAGAYAN 5 PESOS EMERGENCY CERTIFICATE 5 PESOS 5 FIVE PESOS THIS CERTIFIES THAT THERE HAS BEEN DEPOSITED IN THE PHILIPPINES NATIONAL BANK THE EQUIVALENT OF FIVE PESOS PAYABLE TO THE BEARER ON DEMAND AFTER THE WAR FIVE PESOS |
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The Province of Cagayan issued this note under Japanese occupation as part of the guerrilla currency network that proliferated across the Philippine islands after the fall of Bataan in April 1942. Provincial and local governments, cut off from Manila and facing a complete collapse of normal banking, resorted to printing their own emergency scrip to keep local commerce functioning — the Japanese-issued Military Pesos were deeply distrusted, and communities actively preferred locally issued paper.
Cagayan, in the far north of Luzon, remained a center of resistance activity throughout the occupation, which gave these notes a volatile lifespan. Many were deliberately destroyed when Japanese forces swept through an area to prevent them being used as evidence of organized resistance.