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5 Pesos
| Issuer | Mindanao Emergency Currency Board |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Blue-framed note with a decorative border of scrollwork and numeral '5' corner devices. At centre, the denomination FIVE PESOS is printed in large bold blue letters, flanked on the left by an oval red seal of the Commonwealth of the Philippines. The upper portion carries the authority text referencing the President of the Commonwealth of the Philippines, with the pledge to redeem at face value upon termination of emergency, and the issuer name MINDANAO EMERGENCY CURRENCY BOARD appears below the central denomination. Three manuscript signatures of board members appear along the lower margin. |
|---|---|
| Obverse lettering | TREASURY EMERGENCY CURRENCY CERTIFICATE BY AUTHORITY OF THE PRESIDENT OF THE COMMONWEALTH OF THE PHILIPPINES THIS CERTIFIES THAT THE COMMONWEALTH GOVERNMENT OF THE PHILIPPINES WILL REDEEM THIS CERTIFICATE AT FACE VALUE UPON TERMINATION OF EMERGENCY FIVE PESOS PAYABLE TO THE BEARER ON DEMAND IN LAWFUL CURRENCY OF THE PHILIPPINES MINDANAO EMERGENCY CURRENCY BOARD PESOS |
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| Comments |
The Mindanao Emergency Currency Board was one of several provincial emergency authorities that scrambled to produce local currency after Japanese forces cut off the Philippine Commonwealth government's banking infrastructure in late 1941 and early 1942. Mindanao held out longer than Luzon, and its guerrilla-aligned civil administration needed functioning money to pay suppliers, soldiers, and local officials — hence the proliferation of emergency issues from the island.
These notes were produced under improvised conditions with whatever paper and printing equipment was locally available. Counterfeiting by Japanese-backed operatives was a genuine operational concern, not a theoretical one.