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| 正面描述 | Plain paper certificate with a Greek-key decorative border running around the entire perimeter, with the denomination '50' at each corner and 'CENTAVOS' repeated vertically along both lateral margins. A circular official seal of the Commonwealth of the Philippines / United States of America occupies the lower left, adjacent to the central text block reading 'TREASURY EMERGENCY CURRENCY CERTIFICATE' and the issuing authority legend. The lower portion carries the printed names of board officials — Florentino Saguin as Chairman, P.D. Pacana, and I. Barbasa as Members — alongside a manuscript signature. |
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| 背面铭文 | 50 cts. FIFTY CENTAVOS cts. 50 ISSUED BY THE MINDANAO EMERGENCY CURRENCY BOARD PHILIPPINES This note is redeemable at face value after the emergency and will not be devaluated or discriminated against Kining sapi-a kailisan sumala sa iyang bili tapus ang kagubut ug dili kakubsan ni kaayran Counterfeiting of this note will be severely punished Mabug-at nga silot ipahamtang sa mga kawat pag sundog ning sapia 50 cts. FIFTY CENTAVOS cts. 50 |
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The Mindanao Emergency Currency Board was one of several provincial guerrilla currency authorities that operated under Japanese occupation, issuing notes to keep local economies functioning outside the puppet peso system imposed by Manila. Mindanao's geographic isolation from Luzon made this practical in a way it wasn't elsewhere — the island maintained pockets of resistance throughout the occupation, and these notes circulated in territories the Japanese never fully controlled.
Florentino Saguin signed as treasurer. Notes from the smaller Mindanao denominations were printed on whatever paper was locally available, and condition problems from humidity and rough handling are endemic to survivors.