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5 Pesos
| Issuer | Province of Ilocos Norte, Treasury |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | 5 Pesos |
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| Composition | Log in to see details |
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| Obverse description | Typeset emergency treasury certificate on plain paper with guilloche border elements at left and right margins. The central text block, headed EMERGENCY TREASURY CERTIFICATE / THE COMMONWEALTH OF THE PHILIPPINES / PROVINCE OF ILOCOS Norte, certifies in letterpress script that the issuance of five pesos has been duly authorized by the President of the Philippines and the Provincial Board of Ilocos Norte, redeemable after the war. A large violet overprint reading P5.00 appears at center, with serial number prefixed D and suffixed D at upper left, dated Ilocos Norte, June 6, 1942, and three manuscript signatures below for the Provincial Treasurer, Provincial Auditor, and Governor, with the denomination FIVE PESOS and series designation SIXTH SERIES at foot. |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | EMERGENCY TREASURY CERTIFICATE No. D5174D By authority of the President of the Commonwealth of the Philippines and the Provincial Board of Ilocos Norte, I hereby order the issuance of this emergency certificate which for all intents and purposes is hereby declared legal tender. This certificate will be redeemed by the Province from its deposit of P500,000 in the Treasury of the Philippines. Refusal to accept this certificate is punishable by law. SIXTH SERIES Governor |
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| Comments |
One of the guerrilla currency issues produced by Philippine provincial governments following the Japanese occupation in early 1942. With the Commonwealth government in exile and the official banking system severed, provincial treasuries across Luzon issued their own emergency notes to maintain basic economic function. Ilocos Norte, in the far northwest of the island, was among the earliest to do so.
These provincial issues were explicitly declared legal tender only within their issuing provinces. The improvised printing conditions mean paper quality and ink consistency vary considerably across surviving specimens — not wear, but manufacture.