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50 Centavos

Issuer Commonwealth of the Philippines / Free Samar Currency Board
Year 1943
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Shape Rectangular
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Reverse description Typeset design within a simple ornamental border of repeated leaf-and-scroll motifs. The note is identified as a 'TREASURY EMERGENCY CURRENCY CERTIFICATE' with the denomination 'FIFTY CENTAVOS' in large bold lettering at centre, followed by the issuing authority text 'Issued by the Free Samar Currency Board / BY AUTHORITY OF THE PRESIDENT OF THE / Commonwealth of the Philippines'. The denomination '50' and 'CENTAVOS' appear at the top, bottom, and corner positions.
Reverse lettering 50 CENTAVOS 50
TREASURY EMERGENCY CURRENCY
CERTIFICATE
FIFTY CENTAVOS
Issued by the
Free Samar Currency Board
BY AUTHORITY OF THE PRESIDENT OF THE
Commonwealth of the Philippines
50 CENTAVOS 50
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Comments

The Free Samar Currency Board was one of several guerrilla finance operations that emerged across the Philippine islands after the Japanese occupation began in late 1941. Provincial and local resistance authorities issued their own emergency scrip to keep commerce functioning in areas outside Japanese administrative control — Samar being notably difficult terrain for occupying forces to fully pacify.

These local guerrilla issues were explicitly sanctioned by the exiled Commonwealth government and later recognized by U.S. authorities for redemption purposes after liberation, which distinguished them legally from simple improvised scrip. S527 is among the more obscure Samar issues; surviving examples tend to show heavy fold wear consistent with active rural use under wartime conditions.

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