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| 表面の説明 | Plain paper emergency issue with a simple typeset design; the central text panel reads TREASURY CERTIFICATE OF 1944 / THE PROVINCE OF ILOILO / WILL PAY THE BEARER ON DEMAND / FIFTY CENTAVOS / IN LAWFUL CURRENCY OF THE PHILIPPINES. The denomination numeral 50 appears in bold at left and right, framed by a repetitive guilloche-style border of the word CENTAVOS running along all four edges. Two manuscript signatures appear at the lower centre above the printed titles Actg. Prov. Auditor and Actg. Prov. Treasurer, with a serial number printed vertically at both side margins. |
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| 表面の銘文 | TREASURY CERTIFICATE OF 1944 THE PROVINCE OF ILOILO WILL PAY THE BEARER ON DEMAND FIFTY CENTAVOS IN LAWFUL CURRENCY OF THE PHILIPPINES Countersigned: Actg. Prov. Auditor Actg. Prov. Treasurer CENTAVOS |
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The Province of Iloilo was one of several Philippine provincial governments that issued guerrilla currency during the Japanese occupation, authorized under emergency powers by local civil and military authorities aligned with the Commonwealth government-in-exile. These notes circulated in territory where Japanese military scrip — derisively called "Mickey Mouse money" — was formally mandated but widely distrusted, and where locally issued peso and centavo notes served practical daily commerce in areas the Japanese never fully controlled.
Iloilo's issues are among the better-documented provincial guerrilla series from the Visayas. The S-prefix Pick numbers place this firmly within the recognized emergency currency catalog, though print runs and survival rates for low-denomination centavo notes from this series are poorly documented.