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50 Centavos Emergency Script of the Philippines

Issuer Sub-province of Apayao
Year 1943
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Value 50 Centavos (0.50)
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Obverse lettering FIFTY CENTAVOS ONLY EMERGENCY SCRIPT OF THE PHILIPPINES ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES TO MEET PRESCRIBED BUDGET FIFTY CENTAVOS ONLY
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Reverse lettering FIFTY CENTAVOS ONLY THIS CERTIFIES THAT FIFTY CENTAVOS WILL BE PAYABLE TO THE BEARER ON DEMAND IN SILVER CURRENCY OR IN LEGAL TENDER CURRENCY OF THE UNITED STATES OF EQUIVALENT VALUE FIFTY CENTAVOS ONLY
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Comments

Apayao was among the most remote administrative units in the Cordillera, and its wartime emergency script was a direct response to the Japanese occupation's disruption of normal currency supply. Local governments across the Philippines — provinces, municipalities, and even some sub-provinces — were authorized by the Philippine Commonwealth government-in-exile's remnant civil administrations to issue their own emergency notes, resulting in an extraordinarily fragmented series of wartime scrips that varied wildly in printing quality and surviving quantities.

Apayao's issues are among the rarer sub-provincial entries in the Philippine emergency currency series, owing to the area's small population and limited distribution network. Many such notes were deliberately destroyed or abandoned when Japanese forces moved into previously held territory.

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