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5 Pesos

Issuer Mindanao Emergency Currency Board
Year 1942
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Composition Paper
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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
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Reverse lettering FIVE PESOS ISSUED BY THE MINDANAO EMERGENCY CURRENCY BOARD DANSALAN, LANAO PHILIPPINES FIVE PESOS
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Comments

The Mindanao Emergency Currency Board was one of several provincial bodies authorized by the Philippine Commonwealth government in the early months of the Japanese occupation to print emergency guerrilla currency. These notes kept local economies functioning in areas where Japanese military scrip was refused or unavailable, and their issuance was technically an act of resistance — possession could mean death under occupation law.

Mindanao issues are among the more reliably documented of the Philippine emergency series, though survival rates vary sharply by denomination. Paper quality was inconsistent from the start, and notes that saw genuine circulation tend to show it.

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