1 Peso

The Zamboanga Currency Committee was one of several local emergency currency bodies that sprang up across the Philippine Islands in 1942 following the Japanese invasion and the collapse of normal banking operations. With Commonwealth and Philippine National Bank notes rapidly becoming scarce or hoarded, provincial and municipal committees were authorized — informally or otherwise — to issue their own scrip to keep local commerce moving.

Zamboanga, on the western tip of Mindanao, remained a contested zone through much of the occupation period. Notes issued there faced an uncertain lifespan: redemption was never guaranteed, and many series were simply abandoned when guerrilla administrations collapsed or surrendered. Survival rates vary sharply by issue date within the 1942 series.