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| Issuer | Luzon USAFFE Guerrilla Army Forces |
|---|---|
| Year | 1942 |
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| Value | 500 Pesos |
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| Obverse description | Plain cream-toned emergency currency note with typeset text throughout. At upper centre, the inscriptions read 'United States of America / Luzon Usaffe Guerrilla Army Forces / Philippines' above the denomination 'P500' and date 'Feb. 22, 1942'. A small oval portrait vignette of President F.D. Roosevelt appears at the left, and a stylised 'V for Victory' eagle device is printed at the right, flanking the central authorization text ordering the issuance of this emergency currency of Five Hundred Pesos. Two manuscript signatures appear at the lower left and right, identified below as 'Captain, U.S. Army' and 'Major, U.S. Army' respectively, with a serial number 'No.' printed in the lower centre. |
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| Obverse lettering | United States of America Luzon Usaffe Guerrilla Army Forces Philippines P500 Feb. 22, 1942 For the United States of America, Commonwealth of the Philippines and by authority of U.S. Congress, and by proclamation of President F.D. Roosevelt it is hereby ordered issuance of this Emergency Currency of FIVE HUNDRED PESOS is legal tender for operations, maintenance of the MAJOR WALTER CUSHING GUERRILLAS, under General MacArthur and President Quezon, to be redeemed by the Government of the United States thru the Philippine Government, after the War. To refuse this Emergency Currency is punishable by Law. Captain, U.S. Army Major, U.S. Army |
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| Comments |
The Luzon USAFFE Guerrilla Army Forces were among dozens of irregular Philippine units that issued emergency currency after the fall of Bataan and Corregidor in 1942. USAFFE — United States Armed Forces in the Far East — was MacArthur's combined command, and guerrilla units operating under that banner used the name to assert legitimacy against both Japanese occupation scrip and the Filipino civilian population's understandable skepticism about paper promises from fighters in the hills.
Local emergency issues like this were printed on whatever materials were available, often by provincial presses with no security printing capability. At 500 Pesos, this is a high denomination for a guerrilla issue — far more than most Filipinos would handle in ordinary transactions — suggesting it was intended partly for inter-unit or supply procurement use rather than retail commerce.