50 Centavos

Municipal emergency notes from the Japanese occupation of the Philippines are among the most historically compressed objects in Philippine numismatics. When the Japanese Military Administration's peso notes flooded the islands after 1942, many municipalities issued their own guerrilla or emergency currency to sustain local commerce — Oras, a small coastal municipality on the eastern shore of Samar, was one of dozens that did so in 1943.

Samar was notably active resistance territory, and the line between officially tolerated emergency scrip and outright guerrilla currency was deliberately blurred by local officials who answered to neither Manila nor Tokyo with any reliability.