1 Peso

The Aklan Emergency Currency Board was one of dozens of provincial and municipal currency authorities that sprang up across the Philippine islands after the Japanese occupation disrupted the existing banking system. Guerrilla-aligned local governments issued their own scrip to sustain underground economies and fund resistance operations, often printing under conditions that make consistent quality essentially impossible to guarantee.

Aklan province, on the northwestern coast of Panay, had an active guerrilla network throughout the occupation. Notes from this board are among the scarcer Panay provincial issues — many were deliberately destroyed or discarded when Japanese forces moved through the area.