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1 Peso

Issuer Negros Emergency Currency Board
Year 1944
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Shape Rectangular
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Obverse lettering Treasury Emergency Currency Certificate
Issued by authority of the President of the Philippines
This certifies that the Commonwealth of the Philippines will redeem this certificate at face value upon termination of emergency
SERIES OF 1944
ONE PESO
Payable to the bearer on demand in silver pesos or in legal tender currency of the Negros Emergency Currency Board
Actg. Provincial MEMBER
Governor
Prov. Auditor MEMBER
Reverse description The reverse is printed in olive-green on plain white paper and is dominated by the large central denomination inscription reading "One Philippines Peso" in bold serif lettering. A continuous border of intricate repeating geometric and foliate guilloche ornaments frames all four sides, with corner vignettes bearing the numeral "1" and the words "ONE PESO" or "1 PESO" repeated at each corner and along the margins.
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Comments

The Negros Emergency Currency Board was one of several provincial and local bodies that issued guerrilla currency in the Philippine islands during the Japanese occupation. These notes were produced to keep the civilian economy and resistance operations functioning after Japanese military scrip displaced the pre-war Philippine Commonwealth currency. Negros, divided into Occidental and Oriental provinces, had the organizational infrastructure to sustain a relatively consistent issue series throughout the occupation years.

P#S673 belongs to the 1944 issues, produced when Japanese forces were intensifying pressure on guerrilla-held territory. Notes from this period were printed under difficult conditions — paper stock, ink quality, and security features were entirely secondary to getting currency into circulation quickly. Many were deliberately destroyed by their holders before capture to avoid giving the Japanese any intelligence on resistance financial networks.

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