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50 Pesos
| Issuer | Province of Cagayan |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1941-1945) |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EMERGENCY TREASURY CERTIFICATE THE COMMONWEALTH OF THE PHILIPPINES PROVINCE OF CAGAYAN THIS IS TO CERTIFY THAT THE ISSUANCE OF THIS EMERGENCY CERTIFICATE FOR THE AMOUNT OF FIFTY PESOS HAS BEEN DULY AUTHORIZED BY THE PRESIDENT OF THE PHILIPPINES AND THE PROVINCIAL BOARD OF CAGAYAN AND IS REDEEMABLE BY THIS PROVINCE AFTER THE WAR. |
| Reverse description | The reverse is dominated by a large violet overprinted numeral '50' at centre, serving as the value underprint. Letterpress text in English occupies the full field, setting out the legal tender declaration and redemption terms. The serial number appears at upper right and the Provincial Governor's signature is applied at lower centre. |
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| Comments |
The Province of Cagayan issued this note under the Philippine Commonwealth's wartime emergency currency program, authorized after the Japanese invasion severed supply lines and disrupted the Manila-based banking system. Provincial governments were permitted to print their own emergency scrip to keep local economies functioning during the occupation period.
The revenue stamp affixed as the primary security feature is a telling improvisation — the Philippine government had no access to specialist banknote printers, so existing fiscal stamps were pressed into service as the nearest available authentication device. This practice was common across multiple Philippine provincial issues of 1942, but the specific stamp type and placement varies enough between surviving examples to complicate authentication.