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50 Centavos

Issuer Provincial Board of Mountain Province
Year 1942
Type Local banknote
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Reverse description The reverse is printed in black letterpress on white paper, enclosed within a simple ornamental border of repeating scroll and foliate devices. The denomination 'FIFTY CENTAVOS' appears in large capitals at the top and bottom, with 'P.50p' repeated in all four corners. The left column carries the authority text citing Provincial Board Resolution No. 5, S. 1942, while the right column states the validity conditions; a typeset serial number is applied by handstamp at centre, above the bold inscription 'MOUNTAIN PROVINCE EMERGENCY NOTE'. Show-through of the obverse signatures and seal is visible.
Reverse lettering FIFTY CENTAVOS THIS NOTE IS ISSUED UNDER AUTHORITY OF THE PROVINCIAL BOARD OF THE MOUNTAIN PROVINCE DURING THIS EMERGENCY (RES. NO. 5, S. 1942) AND IS ONLY GOOD AND NEGOTIABLE WITHIN SAID PROVINCE NOT VALID UNLESS SIGNED BY THE PROVINCIAL GOVERNOR AND PROVINCIAL TREASURER AND COUNTERSIGNED BY THE PROVINCIAL AUDITOR AND SEALED WITH THE OFFICIAL SEAL OF THE MOUNTAIN PROVINCE MOUNTAIN PROVINCE EMERGENCY NOTE FIFTY CENTAVOS
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Comments

Mountain Province was one of several Philippine civil administrations that issued emergency guerrilla currency during the Japanese occupation, operating outside Japanese-controlled banking entirely. The Provincial Board had almost no printing resources — these notes were produced under improvised conditions, and the paper stock varied considerably across batches depending on what was available locally in the Cordillera region.

Survival rates are uneven. Many were deliberately destroyed by holders fearing Japanese reprisals if found in possession of resistance-affiliated scrip.

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