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5 Pesos

Issuer Province of Ilocos Norte
Year 1942
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Value 5 Pesos
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Obverse description Printed in black on plain paper stock, the obverse carries the large violet underprint value numeral '5.00' at centre, overlaid by the certificate text in letterpress. Serial number appears at upper left, with the date 'May 20, 1942' and place of issue 'Ilocos Norte' inscribed in the body of the text. Two manuscript signatures appear at the lower portion alongside printed titles of the Provincial Treasurer and Provincial Auditor, with a third signature at lower right for the Governor.
Obverse lettering EMERGENCY TREASURY CERTIFICATE THE COMMONWEALTH OF THE PHILIPPINES PROVINCE OF ILOCOS NORTE This is to certify that the issuance of this emergency certificate for the amount of FIVE PESOS has been duly authorized by the President of the Philippines and is redeemable after the war (FIFTH SERIES) FIVE PESOS P 5.00
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Comments

Ilocos Norte was one of several Philippine provinces that issued emergency guerrilla currency during the Japanese occupation, when the Japanese Military Administration's own peso notes were flooding the economy and Filipino provincial governments scrambled to maintain some functional medium of exchange for local transactions. These provincial issues were authorized under emergency conditions, produced with limited printing resources, and carried genuine legal weight within their issuing regions.

S294 is among the less-documented entries in the Philippine guerrilla series — provenance can be difficult to establish, and genuine examples are sometimes difficult to distinguish from the postwar facsimiles and reproductions that entered the market in subsequent decades.

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