1 Peso

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.