1 Peso

One of dozens of provincial guerrilla and emergency currency issues produced across the Philippine Islands after the Japanese occupation severed normal banking. Ilocos Norte, on the northwestern tip of Luzon, issued its own emergency notes in 1942 under the authority of the provincial government as the Commonwealth peso supply collapsed and Japanese military pesos were being forced into circulation.

These provincial issues were produced under improvised conditions — local paper, local presses — and survival rates vary sharply by province. Ilocos Norte examples tend to show foxing and paper weakness consistent with wartime tropical storage.