10 Pesos

Apayao was one of the more isolated sub-provinces of the Mountain Province in northern Luzon, and its emergency currency was issued under the Philippine Commonwealth's guerrilla administration after the Japanese occupation severed normal banking operations in 1942. Local governments and military units across the Philippines printed their own scrip during this period, authorized by Commonwealth Executive Order No. 1 of 1942, with each issuer working from whatever materials were at hand.

Apayao's issues are among the scarcer provincial guerrilla notes — the sub-province had a small population and correspondingly limited print runs. Survival rates suffer further because much of the paper stock used across these emergency series was low-grade and poorly sized.