1 Peso

The Philippine National Bank's Misamis Occidental Agency notes were emergency issues produced during the Japanese occupation, when the occupying forces had disrupted normal monetary channels across Mindanao. Provincial governments and agencies improvised their own currency to keep local commerce functioning — these were not central-bank instruments in any formal sense, but quasi-official scrip backed by whatever local authority could still assert itself.

The three-signature committee structure — treasurer, fiscal, and auditor — was a deliberate accountability mechanism, designed to lend legitimacy to paper that had no Manila imprimatur behind it.