Catalog
50 Centavos
| Issuer | Municipality of Loon |
|---|---|
| Year | 1944 |
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| Shape | Rectangular |
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| Obverse description | Typeset emergency issue on plain paper ruled with red grid lines, printed in black. The central text block reads the redemption pledge of the Municipality of Loon dated 1944, flanked on each side by ornamental shield cartouches enclosing the numeral '50'. The denomination 'FIFTY CENTAVOS' appears in a framed panel at centre, with the serial number printed in red at left and right; three manuscript signature lines are ruled at the base, bearing the designations Member, Chairman, and Member. |
|---|---|
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| Reverse description | Plain ruled paper with red grid lines, bearing multiple cursive manuscript signatures applied in blue ink across the centre of the note; no additional printed text or design elements are present. |
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| Comments |
Municipal emergency notes issued in the Philippines during the Japanese occupation are among the most historically specific paper money produced in the archipelago. Loon, a municipality on Bohol island, issued this 50 centavos note as part of the broader guerrilla currency phenomenon — local governments and resistance units printed their own scrip after the Japanese military peso was imposed and Philippine Commonwealth currency went underground.
Bohol's local emergency issues are notably scarce, as many were destroyed by their holders after liberation to avoid being found in possession of what occupying forces considered contraband currency. Survival rates are low even by Philippine guerrilla scrip standards.