10 Pesos

The Bohol Emergency Currency Board was one of dozens of provincial and municipal currency authorities established across the Philippine archipelago following the Japanese occupation of Manila in early 1942. With the Commonwealth government in exile and Japanese military scrip being forced into circulation, local boards issued their own paper to keep commerce functioning — operating largely on public trust and whatever paper stock was available.

The April 1945 print date is telling. By then, MacArthur's forces had already returned to Luzon; Bohol was still under Japanese occupation, meaning this note was printed and circulated under active wartime conditions, not in some administrative rear area.