50 Centavos

Tubigon is a municipality on the island of Bohol in the Philippines. During the Japanese occupation, the Philippine Commonwealth government and hundreds of local authorities — municipal, provincial, and guerrilla — issued their own emergency currency when official money became scarce or distrusted. The Tubigon Change Board was one of these hyperlocal issuers, producing small-denomination fractional notes to keep daily commerce moving in the absence of reliable coin or centrally issued scrip.

Change board notes from Bohol municipalities are among the more obscure pieces of Philippine emergency currency. Documentation is fragmentary, and many issues survive in tiny numbers, often from a single hoard.