1 Peso

The Leyte Emergency Currency Board was one of dozens of guerrilla currency authorities that sprang up across the Philippine islands after the Japanese occupation cut off the Commonwealth government's financial infrastructure in 1942. These local boards operated under varying degrees of military and civilian coordination, issuing notes to keep wages paid, supplies moving, and loyalty to the resistance credible. Leyte's issues are among the better-documented provincial guerrilla currencies, with surviving authorizations traceable through postwar U.S. Army records.

Notes from this board were later subject to the U.S.-backed redemption program, though approval was inconsistent and many claimants were denied.