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10 Centavos Dotted border, series at top

Issuer Mindanao Emergency Currency Board
Year 1943
Type Local banknote
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Obverse lettering TEN CENTAVOS SERIES 1943 TEN CENTAVOS THIS CERTIFIES THAT THE COMMONWEALTH GOVERNMENT OF THE PHILIPPINES WILL REDEEM THIS CERTIFICATE AT FACE VALUE UPON TERMINATION OF EMERGENCY TEN CENTAVOS MINDANAO EMERGENCY CURRENCY BOARD FLORENTINO SAGUIN CHAIRMAN F. D. PACANA BARBASA MEMBERS TEN CENTAVOS
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Reverse lettering TEN CENTAVOS ISSUED BY THE MINDANAO EMERGENCY CURRENCY BOARD PHILIPPINES THIS NOTE IS REDEEMABLE AT FACE VALUE AFTER THE EMERGENCY AND WILL NOT BE DEVALUATED OR DISCRIMINATED AGAINST COUNTERFEITING OF THIS NOTE WILL BE SEVERELY PUNISHED TEN
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Comments

The Mindanao Emergency Currency Board was one of several provincial bodies authorized under Japanese occupation to issue guerrilla currency — notes produced and circulated by Filipino resistance forces to keep local economies functioning outside Japanese-controlled channels. Mindanao's geography made it a particularly active center for this kind of parallel finance; Japanese control of the island was never complete, and interior communities needed a functioning medium of exchange.

The dotted border variant is catalogued separately from the plain border type, suggesting these distinctions mattered administratively at the time of issue, not merely to later collectors.

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