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| 正面描述 | Green letterpress note with a central guilloche underprint bearing a large orange seal or stamp at centre. The issuer inscription 'LEYTE EMERGENCY CURRENCY BOARD / TACLOBAN PHILIPPINES' is set across the upper portion, with the denomination 'ONE PESO' in bold letters below. The note reads 'PAYABLE TO THE BEARER ON DEMAND IN LAWFUL CURRENCY OF THE PHILIPPINES', with the issue date 'APRIL 1942' in the right field and three signature lines along the lower margin for the Provincial Treasurer, Provincial Auditor, and Provincial Fiscal. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | Plain green letterpress reverse with a repeated 'ONE PESO' inscription along the top and bottom borders within a simple ornamental frame. The central field carries a ghost impression of the issuer text 'LEYTE EMERGENCY CURRENCY BOARD / TACLOBAN PHILIPPINES' in light guilloche underprint, with a serial number printed in orange at upper right and a series designation at upper left. |
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The Leyte Emergency Currency Board was one of several provincial bodies authorized by the Philippine Commonwealth government-in-exile to produce guerrilla currency after the Japanese occupation severed normal banking operations. These notes circulated in the Visayas alongside Japanese Military Pesos, which the occupation authorities declared legal tender — holding or using guerrilla currency was a punishable offense under Japanese military law.
Production was strictly local, with whatever paper and ink could be sourced. The crude printing quality that characterizes S394 is a direct consequence of wartime improvisation, not a design choice. Tacloban would later become the landing site of MacArthur's October 1944 return, after which guerrilla scrip lost its practical necessity almost overnight.