1 Peso

The Negros Emergency Currency Board was one of several provincial wartime authorities that issued guerrilla currency during the Japanese occupation of the Philippines. These notes circulated in Negros Occidental under American-backed resistance administration, functioning as a parallel economy to the Japanese-issued "Mickey Mouse" pesos that the occupation forces mandated for use.

The 1945 date places this note in the final stretch of the occupation, when liberation was imminent and the guerrilla issues were nearing the end of their practical necessity. Many were redeemed or destroyed after liberation, and notes from the terminal issues tend to survive in smaller numbers than the earlier wartime printings.