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5 Pesos

Issuer Apayao, Sub-province of
Year 1942
Type Local banknote
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Obverse description Central vignette of the Philippine Commonwealth arms, with an eagle displayed above the shield, printed in red on plain paper. Serial numbers appear twice in the upper portion flanking the arms, with signature lines below for Treasurer, Auditor, and Deputy Governor. Decorative typographic borders frame the note on all sides.
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Reverse description At left, a vignette of a standing figure atop a stepped pedestal, framed by large numeral 5 devices at each corner. The central field is occupied entirely by printed text in letterpress, with the heading spanning the full width and denomination repeated at foot. Decorative geometric border elements and vertical side panels bearing the denomination in words complete the design.
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Comments

Apayao was one of several sub-provinces in the Mountain Province of northern Luzon that issued emergency guerrilla currency after the Japanese occupation disrupted the Philippine Commonwealth's financial infrastructure in 1942. These local issues were sanctioned by provincial or sub-provincial governments operating under extreme duress, often with whatever paper and printing equipment could be salvaged or improvised.

The S-prefix in the Pick reference places this squarely in the wartime Philippine provincial emergency series — a category notorious for poor survival rates, since many were deliberately destroyed by guerrillas to prevent capture, or simply deteriorated in the Philippine humidity before the liberation.

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