Catalog
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| Issuer | Misamis Occidental Currency Committee |
|---|---|
| Year | 1942 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | THE MISAMIS OCCIDENTAL AGENCY OF THE PHILIPPINE NATIONAL BANK WILL PAY TO THE BEARER THE AMOUNT OF THIS PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF FIFTY CENTAVOS ISSUED BY MISAMIS OCCIDENTAL CURRENCY COMMITTEE |
| Reverse description | Plain orange letterpress reverse enclosed within a simple rectangular decorative border, with the denomination 'FIFTY CENTAVOS' in large bold display type at both the top and bottom margins. The centre carries the full title 'Philippine National Bank Emergency Circulating Note' and 'Series of 1942' in smaller italic script. |
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| Comments |
One of dozens of emergency currency boards that sprang up across the Philippine provinces after the Japanese occupation severed access to Manila and the Commonwealth's banking system in late 1941 and early 1942. Misamis Occidental, on the northwestern coast of Mindanao, organized its Currency Committee rapidly — the alternative was a complete breakdown of local trade, since Japanese military scrip was neither trusted nor yet fully imposed in the interior.
Three signatories from distinct branches of provincial administration — treasury, fiscal office, and audit — were required precisely to prevent any single official from controlling the issue unilaterally. A deliberate safeguard under occupation conditions.