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5 Pesos

Issuer Balangiga, Municipality of
Year 1943
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Composition Paper
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Obverse description Typeset emergency issue on plain paper, with a bold large-format denomination numeral 'P5.=' printed in the centre field. The note carries a repeating 'P5' border pattern along all four margins, with red-stamped serial numbers at left and right. Text lines arranged above and below the central value include the issuing authority, date, series notation, and promise-to-pay clause, with three signature lines for the Municipal Treasurer, Commanding Officer, and Municipal Mayor at the foot.
Obverse lettering UNITED STATES FORCES IN THE PHILIPPINES IN THE FIELD BALANGIGA, SAMAR, PHILIPPINES Oct 23, 1943 S/1943 CIRCULATING NOTES UNITED STATES FORCES IN THE PHILIPPINES will pay the bearer on demand FIVE PESOS P 5.= Mun. Treasurer Command. Officer Mun. Mayor
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Comments

Balangiga is a municipality in Eastern Samar, Philippines, and its locally issued emergency currency from 1943 places this note squarely within the Philippine guerrilla and municipal scrip phenomenon of the Japanese occupation. With central banking infrastructure collapsed or occupied, hundreds of municipalities across the archipelago authorized their own emergency notes to keep local economies functioning. Most were printed on whatever paper was available — ledger stock, newsprint, even the backs of pre-war forms.

Survival rates for Balangiga municipal scrip are low. The town itself was one of the most isolated in Samar, and few institutional records of these issues were maintained.

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